Three Assembly Republicans have unveiled a new venture capital plan that would once again welcome participation from certified capital companies, or CAPCOs - the controversial out-of-state firms previously entrusted with investing millions of taxpayer dollars in a poorly drafted, weakly monitored program to boost young companies and create jobs.
They are presenting their new plan with little time left in the current legislative session, and despite the fact that one of them, Rep. John Klenke (R-Green Bay), sits on a working group charged by Gov. Scott Walker with crafting a bipartisan solution. Other legislators in Walker's group have put aside their own measures to try to reach a compromise.
But Klenke and his two colleagues have the blessing of a powerful ally - Assembly Speaker Jeff Fitzgerald (R-Horicon).
To read the full, original article click on this link: CAPCOs resurface in proposal by 3 GOP Assemblymen - JSOnline
