States that have invested public resources into developing a financial mechanism and related network to propel start-up companies forward are reaping the benefits. Specifically, these states are experiencing accelerated growth rates among high-potential startups and those businesses are producing higher payrolls than comparable-sized firms. With the passage of 2013 Wisconsin Act 41, which was accomplished […]
WEDC Adopts New Ethics Rules
Date Mon, Aug. 5, 2013 - 12:37pm By Hamilton
At their most recent meeting, the Wisconsin Economic Development Corporation (WEDC) board of directors approved an operations plan and budget for fiscal year 2014, and adopted 101 new policies and procedures to ensure the pseudo-agency complies with all state laws. At that same meeting, Gov. Walker, who also serves as chairman of the WEDC board, […]
New Bills Signed Into Law
Date Mon, Jul. 8, 2013 - 10:57am By Hamilton
Gov. Walker signed several bills into law on Friday, July 5, 2013. Please contact a member of the Hamilton Consulting team if you require further information on any of the laws below. Assembly Bill 20 – relating to the notice and degree requirements for the examination to practice as a certified public accountant. This […]
DWD Working to Implement Wisconsin Fast Forward Training Program
Date Tue, Jun. 18, 2013 - 9:20pm By Hamilton
Since Gov. Walker signed legislation in March to enact the Wisconsin Fast Forward initiative, the Department of Workforce Development (DWD) has moved quickly to launch the Office of Skills Development (OSD) and lay the regulatory groundwork for a nimble, adaptive and accountable system to advance innovative worker training programs. Rulemaking DWD’s initial public comment period […]
Wisconsin Economic Development Corporation to Undergo Changes
Date Tue, Jun. 18, 2013 - 4:13pm By Hamilton
The Wisconsin Economic Development Corporation has been the focus of much legislative attention since the Audit Bureau’s report on mismanagement at WEDC came out last month. In addition to items included in the JFC proposed 2013-15 budget, numerous bills have been introduced to make changes at the pseudo-agency. In the height of budget action, companion […]
State to Enter Venture Capital Business
Date Tue, Jun. 18, 2013 - 3:43pm By Hamilton
Both houses of the legislature have now passed a bill, AB 181, which would establish a state-funded venture capital fund. The bill now goes to the governor for approval, the last step in the law-making process. AB 181 passed the Assembly 91-2 on June 6, with overwhelming support from both parties. Only Reps. Chris Kapenga […]
Executive Overreach in the Age of Obama: Dodd-Frank, IRS Targeting, & the DOJ
Date Mon, Jun. 17, 2013 - 4:51pm By Hamilton
THE FEDERALIST SOCIETY FOR LAW & PUBLIC POLICY STUDIES MADISON LAWYERS CHAPTER PRESENTS: Executive Overreach in the Age of Obama: Dodd-Frank, IRS Targeting, & the DOJ A Conversation with former White House Counsel Boyden Gray Moderated by the Honorable Randy Koschnick, Jefferson County Circuit Court Thursday, June 27, 2013 5:00 p.m. – 6:15 p.m. Madison […]
Unemployment Reserve Fund Improving but Still in the Red
Date Fri, Jun. 14, 2013 - 2:39pm By Hamilton
The Legislative Audit Bureau’s report on the state’s Unemployment Reserve Fund shows that the fund’s equity increased by $313.7 million during the 2011-12 fiscal year, however, the fund is still $612.4 million in the hole. During fiscal year (FY) 2011-12, fund equity increased from a deficit of $926.1 million as of June 30, 2011, to […]
Additional Changes Proposed for WEDC
Date Fri, Jun. 7, 2013 - 10:29am By Hamilton
The Wisconsin Economic Development Corporation has been the focus of much legislative attention since the Audit Bureau’s report on mismanagement at WEDC came out last month. In addition to items included in the JFC proposed 2013-15 budget, numerous bills have been introduced to make changes at the pseudo-agency. In the height of finance action, companion […]
Legislature Moves Forward on Venture Capital
Date Fri, Jun. 7, 2013 - 10:26am By Hamilton
Wisconsin is a few steps closer to having a state-funded venture capital fund. On June 6, AB 181 was passed by the Assembly and its companion, SB 169 was the subject of a public hearing in the Senate Committee on Economic Development and Local Government. These bills would provide the framework for managing the $25 […]