A new statewide opportunity fund aims to help Wisconsin investors benefit from the federal Opportunity Zone incentive program while investing in real estate development and business startups within their home state.
The so-called Badger State Opportunity Fund was spearheaded by the city of Racine, which is where the fund would be headquartered. Various elected officials and community leaders announced the creation of the fund Thursday morning in the offices of Racine Mayor Cory Mason.
The fund will partner with both the public and private sectors to attract capital for things like development and redevelopment projects, business expansions and new business startups.
It differs from other opportunity funds in Wisconsin in that, rather than focusing on just one particular project, investments would be dispersed across a variety of project types and location, said William Martin, chief innovation officer with Racine. Read the full story here.