Corporate Giveaway Or Economic Development?

The Milwaukee Journal Sentinel is reporting that under a state proposal, a number of private equity firms and insurance companies would make out big -- the plan would cost taxpayers $250 million. But $200 million of that wouldn't have to be paid back. In 1999 the state invested $50 into a similar venture, but the Department of Commerce can't cough up any performance information about the program.

Here's the story:

State proposal would send $250 million to certified capital companies