WEDC to boost entrepreneur, small business efforts

Posted on Jan 18, 2019 :: Insight on Business, Web Exclusive.
Posted by of Insight Publications

A new Wisconsin Economic Development Corp. committee is being formed to focus on entrepreneurship and innovation in the state.

Gov. Tony Evers requested the WEDC launch the committee to help entrepreneurs and small businesses grow. Wisconsin lags nationally in the creation of small businesses.

The new committee complements the WEDC’s existing programs that provide resources to entrepreneurs, including support for startup accelerators, seed capital funds, microgrants, investment tax credits and technology development loans, Evers said in a statement. The WEDC also supports and engages an existing statewide network of partners that offers business training, mentorship and financing to aspiring entrepreneurs.

“Entrepreneurial traits like diversity, creativity and resilience are critical components of success in our constantly evolving global economy,” he said. “In order for Wisconsin’s economy to thrive, we must foster a culture that supports entrepreneurship and innovation.”

Mark R. Hogan, secretary and CEO of WEDC, said the organization looks forward to working on the issues outlined by the governor.

“Providing support and resources to Wisconsin’s entrepreneurs is vital to helping new businesses grow and thrive in our state, and I appreciate that Gov. Evers is focusing on this important issue,” he said in a statement.