Young companies in Wisconsin are drawing an increasing amount of financial backing, generating more income and ramping up their hiring.
More than 800 companies that received support from WEDC’s entrepreneurship and innovation programs over the past three years reported a combined $1.26 billion in revenue and new financing in 2021, and a total of 6,772 jobs among them.
That’s a 42% increase in new capital and a 52% jump in jobs over 2020, according to WEDC’s 2021 Entrepreneurship and Innovation Report on Program Activity, which summarizes combined data from the fiscal year that ended June 30, 2021 and the calendar year that ended Dec. 31, 2021.
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