Loading
Search
NEWS STORIES

State pension fund group rejects WEDC investment requestSubmitted: 02/04/2013
Story By The Associated Press

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.



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





 IN OTHER NEWS

Play Video

EAGLE RIVER - Seven veterans from across the country landed in Wisconsin on Friday for the 2nd annual Eagle River Muskie CHal-Lunge.

+ Read More
Trump set to visit Waukesha Submitted: 09/24/2016

MADISON - Republican presidential hopeful Donald Trump is set to visit Wisconsin again.

+ Read More

GERMANTOWN - Officials say three people were burned when gasoline was thrown onto a burning fire pit in Germantown, causing an explosion.

+ Read More

Play Video

MINOCQUA - The 52nd year of Beef-a-Rama has come and gone.

One Beef-a-Rama roaster has participated in Minocqua's iconic event every year since its inception.

That's Bill Ross, owner of Ross Sportswear and Ross' Plus. He says he and his family change up the recipe up a bit from year to year.

+ Read More

BURLINGTON, WASHINGTON - The latest on a fatal shooting at a mall in Washington state:

8:36 a.m.

A gunman who fatally shot five people at a Washington state mall remained at large as authorities said the motive for the slaying was unknown, but there was no indication the shootings were a terrorist act.

+ Read More

WASHINGTON, D.C. - Sixteen million Americans served during World War II. Only about 700,000 are still alive today. But 13 World War II veterans from northcentral Wisconsin traveled to Washington, D.C., on the Never Forgotten Honor Flight last week. 

Ogema's Ed Blomberg is no stranger to the spotlight, and he's got a laugh you could recognize from a mile away. But last week, Ed got to take a back seat and enjoy the sights of our nation's capitol. 

"It was beyond my wildest dreams. I never could have imagined something like this," Ed said.

+ Read More

WAUSAU - A farewell ceremony helped family and friends say goodbye to members of the Wausau-based 376th Finance Detachment on Friday.

 Almost 25 soldiers from northcentral Wisconsin will soon be on the ground in Kuwait. 

Although the soldiers will be serving their country proudly, they can't help but remember those they'll leave behind.

+ Read More
+ More General News
Search: 




Click Here