Tech Is Growing In Madison, But Limited Capital And Experience Hinders Growth
Criticism of Wisconsin’s startup activity by state Sen. Kathleen Vinehout, D-Alma, was verified by The Observatory, as the state has ranked last from 2015 through 2017 in the Kauffman Foundation’s annual report on state startup activity.
Gov. Scott Walker defended this on the Sunday talk show UpFront with Mike Gousha on WISN-TV in Milwaukee on November 12, 2017. Walker said Wisconsin has consistently ranked poorly in startup activity “long before” he took office and that the state is “fairly conservative” when it comes to venture capital and startups.
Walker told Wisconsin Public Radio that the state has ranked in the top 10 states for startups remaining in business after seven and 10 years.
“I’d rather have [the ranking] where we’re at. We’re in the top 10 when it comes to new businesses on their survival rate of seven and 10 years,” Walker said. “You can have all the startups in the world, but if they don’t last, that doesn’t get you any new jobs.”
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