Crowdfunding bill provides new option for business fundingSubmitted: 11/07/2013
Story By Associated Press

MADISON - Companies just starting out will soon get a new way to raise money.

Governor Scott Walker heads to the University of Wisconsin research park.

He'll sign a bill allowing crowdfunding for the online sale of stocks.

The measure passed unanimously in the Legislature.

It has broad support in Wisconsin's business community.

Popular online crowd funding sites like Kickstarter only allow for people to make donations to a certain cause.

Often it's in exchange for a token of appreciation like a T-shirt or bumper sticker.

The Wisconsin bill would allow investors to purchase equity in a company.

Backers say it's a simple way to help small businesses by opening them up to a wide pool of potential investors.

Wisconsin will be one of the first states nationwide to allow for such investing through crowdfunding.

(Copyright 2013 Associated Press - All Rights Reserved)

Text Size: + Increase | Decrease -
| Print Story | Email Story
Sponsored in part by HodagSports.com


MADISON - Groups challenging Wisconsin's voter identification law in court don't believe the state's plan for additional education will do enough.

Earlier this month, federal Judge James Peterson approved a Department of Transportation plan to clarify the process for people who lack photo ID to get voting credentials.

That happened after media reports showed Division of Motor Vehicle employees were giving people inaccurate information.

The court-approved plan includes handouts and website clarifications.

+ Read More

MINOCQUA - The Minocqua Town Board always knew it would need to replace Supervisor Bryan Jennings eventually. But the Board didn't think it happen so soon.

Jennings died September 8, two days after he was struck by lightning while walking his dog.

Town Chairman Mark Hartzheim says the Town is now accepting letters of interest from anyone wanting to fill Jennings's seat.

+ Read More

WAUSAU - This fall Wausau's Woodson Art Museum will bring together artists from all over the world. 

The Birds in Art exhibit gives artists an opportunity to share a piece of themselves with their audience.

+ Read More

Play Video

MERRILL - The Merrill Fire Department sees the need for more, younger EMTs to get into the business. Like other area departments, it wants to ensure its staff will stay strong for years into the future.

People like Dylan Schielke can help make that happen.

+ Read More

Play Video

RHINELANDER - A Marathon County man who drove to Rhinelander to meet up with a 15-year-old girl for sex told police he nearly turned around.

Instead, Dustin Zernicke pulled into the Shopko parking lot Friday night and found officers waiting for him.

The 35-year-old Zernicke made his initial appearance in Oneida County Court Monday afternoon.  Undercover officers posted an ad on Craigslist pretending to be a 15-year-old girl.  The post said "Mom sent me [to] Rhinelander for the weekend and I have nothing to do."

+ Read More

EAGLE RIVER - Many of us already put out the scary decorations and pumpkins for some Halloween spirit. But if you're looking to take it up a notch, dress like a zombie and grab your running shoes this Saturday.

+ Read More

Play Video

RHINELANDER - We likely won't find out who Rhinelander's next police chief will be until early next year.  But the city is already working to replace Chief Mike Steffes.

Newswatch 12 learned earlier this month Chief Steffes is leaving Rhinelander to take a job with the Department of Justice.

Steffes beat out 34 other candidates to win the chief job in 2007.  Police and Fire Commission President Todd McEldowney expects to see dozens of new applicants this time.

+ Read More
+ More General News

Click Here