MADISON (AP) - The Legislature's budget committee is slated to vote on approving Sun Mountain Kegonsa as the manager of the new state-sponsored venture capital fund.The Joint Finance Committee scheduled a Tuesday vote on the recommendation from Gov. Scott Walker's Department of Administration.Sun Mountain Kegonsa is a partnership formed by Sun Mountain Capital of Santa Fe, New Mexico, and Kegonsa Capital Partners of Fitchburg, Wisconsin. Sun Mountain Capital has Wisconsin ties, as its led by Brian Birk, a former state resident.The state will contribute $25 million toward the fund that will be available to help startup business and capital investment projects. Sun Mountain Kegonsa is required to come up with at least $5 million for the fund.
WLUK FOX 11 is your source for Balanced News and Severe Weather Coverage for Appleton, Shawano, Sturgeon Bay, Kewaunee, Two Rivers, New London, Bonduel, Pulaski, Suamico, Menasha, Neenah, Shiocton, Ashwaubenon, Algoma, Mishicot and Wrightstown.