Private equity firms invested $9.1 billion in Wisconsin in 2012, placing the state 14th nationally, according to a new Private Equity Growth Capital Council report.
Wisconsin broke into the top 20 for the first time in the three years since the report has been published.
“Confidence in Wisconsin’s economy has grown and this is yet another positive sign for the future of our state,” Gov. Scott Walker said. “Our long-term structural reforms, sound fiscal management, and improved business climate are working for Wisconsin. We’re heading in the right direction.”
Walker set aside $25 million in the state budget for the creation of an investment capital program. The Assembly and Senate recently passed Assembly Bill 181, which creates an investment capital program in Wisconsin. Walker signed the budget into law on June 30 and is expected to sign Assembly Bill 181 into law soon.
According to the Private Equity Growth Capital Council, “Private equity fortifies and expands businesses, develops new products and innovations and creates jobs for Americans.”
The Private Equity Growth Capital Council report can be viewed here.