MADISON - The board that oversees Wisconsin's pension funds has rejected a request from the head of Gov. Scott Walker's semi-private economic development agency to invest $200 million to help startup businesses.
Wisconsin Economic Development Corp. head Reed Hall asked the State of Wisconsin Investment Board in November for the venture capital seed money in November. The board rejected the request, saying that the use of pension funds to pay for economic development initiatives "does not meet our fiduciary duty."
The request for funding as well as SWIB's response is contained in a report submitted by SWIB in December. The Wisconsin Reporter website was the first to report on it.
Hall made the request when he was the interim head of WEDC. Last week Walker named him as the permanent head.
RHINELANDER - On Thursday night, two of three candidates made the case for why they should become Rhinelander's next mayor. A panel of media members, including Newswatch 12's own Ben Meyer, questioned the candidates for an hour, live on WXPR.
The two candidates at the forum argued between the power of a fresh perspective and a wealth of experience.
HARSHAW - Rhinelander charter school students mixed in math with science, social studies, and reading projects on Thursday.
Northwoods Community Elementary School hosted parents to show off their work. Some classes did the math to plot out a vegetable garden. Others did research on Wisconsin counties and planned a weeklong trip there.
"I added decimals to count up all my rates for my bills, all the admissions to state parks, and renting," explained Oceana Patulski, who did a project on Door County.
MADISON - A new report shows Wisconsin's unemployment rate hit a record low in February.
The state Department of Workforce Development released data Thursday that shows the unemployment rate dipped to 2.9 percent in February, down 0.2 percent from January to mark a record low. The previous record was 3 percent unemployment in July 1999.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. Rockfleet Broadcasting / Northland Television, Inc. and By Request Web Designs shall not be held responsible for any typographical errors, misinformation, or misprints.