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Viewpoints: New Wisconsin Investment Fund will be noticed beyond state borders

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Viewpoints: New Wisconsin Investment Fund will be noticed beyond state borders







Tom Still

Among the first news outlets to pick up on the recent unveiling of the $100 million Wisconsin Investment Fund were two outside of the state – the Seattle Post-Intelligencer in Washington state and U.S. News & World Report. Both ran an Associated Press story on the news within hours.

As I mentioned to those who gathered at Madison’s Forward BIOLABS for the announcement by Gov. Tony Evers and others, that’s a big reason why the public-private fund is not an end in the state’s journey to build a more vibrant technology economy, but a new and significant beginning.

Like 49 other states, Wisconsin received money through the U.S. Treasury’s State Small Business Credit Initiative, which was authorized by the American Rescue Plan Act. Each state was free to tailor its program to a large degree, and Wisconsin chose to put nearly two-thirds of its allotment into a fund that would require private venture capital firms to match the SSBCI money, dollar-for-dollar.

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The result is the biggest single public-private venture capital initiative in Wisconsin’s history, and a breakthrough that builds on what came before it.

Fourteen venture firms bid with the Wisconsin Economic Development Corp. to be a part of the program and five have been selected so far; a sixth private fund participant is pending. The first five, with a total of $45 million in state commitments, are:

  • HealthX Ventures, Madison, $15 million. HealthX invests largely in the digital health sector but also in other health care innovations.
  • Venture Investors LLC, Madison, $12 million. Venture Investors invests primarily in health care innovation, such as therapeutics, medical devices, health IT and diagnostics.
  • Serra Ventures, Champaign, Ill., $7 million. Serra Ventures invests nationally, especially in the agriculture and food technology space. Some past Serra investments have been in Wisconsin companies.
  • NVNG, Madison, $6 million. NVNG (short for “nothing ventured, nothing gained”) invests broadly in Wisconsin tech sectors including health.
  • Idea Fund of La Crosse, $5 million. Part of the Badger Fund of Funds network, the Idea Fund of La Crosse invests broadly in the Upper Midwest in sectors such as information technology, health IT, data analytics, supply chain, agriculture, manufacturing and financial services.

The mix reflects the overall goal of the fund, which is to build on existing and emerging technology startups, but also to move beyond the traditional research hubs to find companies and entrepreneurs in underserved places.

That’s one reason why Serra Ventures is in the mix, because it’s familiar with spotting strong deals in the agriculture and food tech space (24 current portfolio companies) and has plenty of sales or other “exits” to demonstrate market knowledge.

Another focus will be bio-health, which has long been a Wisconsin tech strength in regions such as Madison and Milwaukee, but increasingly in cities such as Eau Claire. Last year, the U.S. Economic Development Agency recognized Wisconsin as a “regional technology hub” for personalized medicine and related technologies. That could make the state eligible for up to $75 million in federal funding to accelerate growth.

While the announcement was made by Democrat Evers, it’s worth noting that Wisconsin’s efforts to build a stronger tech-based economy have been bipartisan for decades.

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The enactment of investor tax credits in 2005 was led by the late state Sen. Ted Kanavas, R-Brookfield, and then-Commerce Secretary Cory Nettles, an appointee of Democratic Gov. Jim Doyle. The creation of the Badger Fund of Funds in 2013 came during the tenure of then-Gov. Scott Walker with help from both sides of the aisle in the Legislature. Changes to both the investor tax credit program (Qualified New Business Venture credits, also administered through WEDC) and the Badger fund in recent years have also required bipartisan agreement.

Within the Legislature itself, the bipartisan and informal Tech Caucus has both Republican and Democratic leaders and members, further demonstrating that economic growth need not be a partisan squabble.

The $100 million Wisconsin Investment Fund comes with no guarantees, as most young companies fail in time. Those that succeed, however, often do so on a scale that spreads prosperity well beyond company walls. Investors outside Wisconsin will notice this initiative – and perhaps bring their own expertise and money to bear.

Tom Still is president of the Wisconsin Technology Council.



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Wisconsin

Wisconsin’s minimum wage has been $7.25 an hour since 2009. Will it go up in 2026?

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Wisconsin’s minimum wage has been .25 an hour since 2009. Will it go up in 2026?


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With consumers still concerned about affordability, nearly two dozen states across the country will raise their minimum wage next year.

The minimum wage will increase in 19 states and 49 cities and counties on Jan. 1, 2026, plus four more states and 22 municipalities later in the year, USA TODAY reported, citing an annual report from the National Employment Law Project.

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Wisconsin’s minimum wage has not changed since 2009, when the federal minimum wage was set at $7.25.

But will it be one of the states raising its minimum wage in 2026?

Here’s what to know:

Is Wisconsin increasing its minimum wage in 2026?

No, Wisconsin is not one of the states increasing its minimum wage in 2026.

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What is Wisconsin’s minimum wage?

Wisconsin’s minimum wage is $7.25 an hour, according to the U.S. Department of Labor. That’s the same as the federal minimum wage.

What states are raising their minimum wage in 2026?

Here are the 19 states increasing their minimum wage on Jan. 1, 2026, according to USA TODAY:

  • Arizona
  • California
  • Colorado
  • Connecticut
  • Hawaii
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Montana
  • Nebraska
  • New Jersey
  • New York
  • Ohio
  • Rhode Island
  • South Dakota
  • Vermont
  • Virginia
  • Washington

Alaska, Florida and Oregon will implement increases later in the year, according to the report. California also plans to enact a minimum wage increase specifically for health care workers.

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Andrea Riquier of USA TODAY contributed to this report.



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Wisconsin Loses Second Bid to Block Tax Exemption in Spat With Catholic Charity

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Wisconsin Loses Second Bid to Block Tax Exemption in Spat With Catholic Charity


The Wisconsin state government lost decisively a second time in what has become a convoluted effort to block a Catholic charity from receiving a long-running state tax exemption.

The Wisconsin Supreme Court on Dec. 15 blocked state Attorney General Josh Kaul’s attempt to fully eliminate an unemployment tax exemption after the U.S. Supreme Court ruled that the Diocese of Superior’s Catholic Charities Bureau was entitled to the tax break.

The U.S. Supreme Court in June had ruled that Wisconsin violated the First Amendment when it denied the tax exemption to the Catholic group on the grounds that the group’s charitable undertakings were not “primarily” religious.

The state responded in October by moving to eliminate the exemption entirely, arguing that the tax break is “discriminatory” and that ending the policy would “avoid collateral damage to Wisconsin workers.”

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In a brief order on Dec. 15, the state’s high court affirmed that the U.S. Supreme Court ruling allows the Catholic charity to access the tax break. The court directed the state Labor and Industry Review Commission to declare the charity eligible for the exemption. 

The religious liberty law group Becket, which has represented the Catholic charity in the legal fight, said in a press release that the Wisconsin Supreme Court had ended the state government’s “crusade” against the Catholic charity. 

“You’d think Wisconsin would take a 9-0 Supreme Court loss as a hint to stop digging,” Becket Vice President Eric Rassbach said. “But apparently Attorney General Kaul and his staff are gluttons for punishment.” 

“Thankfully, the Wisconsin Supreme Court put an end to the state’s tomfoolery and confirmed that Catholic Charities is entitled to the exemption it already won,” Rassbach said. 

The ruling “protects not just Catholic Charities, but every faith-based organization that relies on this exemption to serve the public,” he added. 

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In its June ruling, the U.S. Supreme Court said the First Amendment “mandates government neutrality between religions” and that Wisconsin had failed to adhere to this principle in refusing to issue the tax exemption to Catholic Charities. 

“It is fundamental to our constitutional order that the government maintain ‘neutrality between religion and religion,’” Justice Sonia Sotomayor wrote in the decision. “There may be hard calls to make in policing that rule, but this is not one.”

Justice Clarence Thomas, meanwhile, said that governments “may not use [entities such as a Catholic charity] as a means of regulating the internal governance of religious institutions.”

Following the ruling this week, David Earleywine — the associate director for education and religious liberty at the Wisconsin Catholic Conference — said the Catholic charity has been fighting for the exemption for “decades.”

“[T]rue Catholic charity is inherently religious and cannot be reduced to another secular social service,” he said.

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Insider: Wisconsin Man Charged With Possession Of Virtual Child Pornography

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Insider: Wisconsin Man Charged With Possession Of Virtual Child Pornography


POLK COUNTY (DrydenWire) – An investigation by the Wisconsin Department of Justice, Division of Criminal Investigation, into multiple cybertips from Google about suspected child sexual abuse materials has resulted in felony charges for a Wisconsin Man.

Cody Struemke, age 27, of Amery, WI, is facing nearly a dozen charges for possessing child pornography, including Felony Possession of Virtual Child Pornography.

The criminal complaint against him alleges that Struemke saved a photo from Facebook of juveniles known to him, and digitally edited the photo to make it appear they were nude.

Insiders can read the full post below:

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Last Update: Dec 16, 2025 9:27 am CST





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