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Quasi Public Credit Pool Planned by Wisconsin Legislature
Madison reports Gov. Kohler signed legislation creating a state backed business development corporation to provide credit for new and existing industries. The plan, backed by the Wisconsin Bankers Assn led by John Stauber, funds from stockholder capital across at least 36 counties and bank and insurer loans. The agency will serve statewide economic needs and lend only when other credit is unavailable after efforts to obtain private funding.
MENTIONED IN THIS ARTICLE
Madison
Gov. Kohler
Industrial Development Division
Wisconsin Bankers Assn
John Stauber
Marshfield
Flander
Board of Directors