Loading
Search
NEWS STORIES

State pension fund group rejects WEDC investment requestSubmitted: 02/04/2013
State pension fund group rejects WEDC investment request
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

RHINELANDER - Kids ran throughout the Woodpecker Bar and Grill in Rhinelander on Saturday for the third annual Harvest Hoedown.

+ Read More

WOODRUFF - Ascension Wisconsin Spirit Medical Transport hosted a fun-filled day for family and friends on Saturday.

This comes about five months after one of its helicopters crashed, killing three Spirit employees.

Regional manager Charles Kotke said those men were in mind today,

"Today is a day of bringing people together, as well as a celebration of our 25 year anniversary," said Kotke. "This team did an amazing job getting us back to caring for our patients and doing what we need to do to care of our community."

Flight paramedics showed off the aircrafts to people and the helicopter was a big hit.

"They definitely like to look at the aircrafts. See how we transport patients from point A to point B," said Northern Region Supervisor Ryan Short.

Next Saturday, Spirit is celebrating with more associates. The second part of the celebration will be in Stevens Point.

+ Read More

THREE LAKES - After 30 years, Dr. George Karling decided it's time to retire as the Three Lakes District Administrator.

He plans to leave after the school year ends, but the school board is already preparing to find his replacement.

Early next month, the Three Lakes School District will host two input sessions for the public.

Three Lakes residents can go to give their opinions on what they want in a replacement. 

Karling's decision to retire comes about a month after he faced criticism for allowing the district to be featured in a campaign ad for Gov. Scott Walker. 

People who can't make it can still send their thoughts to the Three Lakes Board of Education. People can submit comments by writing to:

Board of Education, Three Lakes School District
6930 West School St. 
Three Lakes, WI 54562 

or email: tr@threelakessd.k12.us.



+ Read More

HAYWARD -
A 16-year-old girl is missing from Sawyer County according to the Wisconsin Department of Justice. Angel Marie Simonson is reported as an endangered missing person. She is a white female, 5'7", and 220 lbs. 

+ Read More

ROME -

+ Read More

RHINELANDER - A man died after a house fire in Rhinelander on Friday night.

According to a press release from the Rhinelander Police Department, Rhinelander police and firefighters responded to the fire at 320 Rose Street near Hodag Park around 7:30 p.m.  

Firefighters went inside the house soon after they arrived and found an unresponsive man on the floor.  Firefighters and paramedics tried to revive the man, but he was pronounced dead at the scene.

+ Read More

RHINELANDER - A house fire in Rhinelander left one man dead Friday.

Emergency responders got the call around 7:30 p.m. for a home near Hodag Park.

Steve Smith heard a dispatch call over his step-sons radio about the fire at his neighbor's home on Rose Street.

"We walked out the front door and it was plain as day," said Smith. "The flames were rolling out of the front window."

At first, Smith wasn't sure if anyone was in the home. "There was a man they brought out," said Smith. "unfortunately, I heard he was deceased,"

Police Chief Lloyd Gauthier confirmed the victim was found dead on the scene.

"Life saving measures were done by the paramedics. Unfortunately, the male had passed away," said Gauthier. "At this point, it appears that it was due to something left on the stove."

Gauthier says more details about the victim will be released on Monday. 

+ Read More
+ More General News
Search: 





Click Here