News

State Spends Millions on CAPCOs for only 202 New Jobs

February 12, 2012 /

MATR Sponsor (view all)


Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

The investment firms, called CAPCOs, were far more successful at making money for their owners and partners than they were at launching start-ups and creating jobs. They paid millions to cover their owners’ taxes on profits. They didn’t share any of those investment profits with the state. And they didn’t have to, because the program was poorly drafted and had minimal state oversight, the Journal Sentinel found.

By Kathleen Gallagher and Mark Johnson

Full Story: http://www.jsonline.com/news/wisconsin/state-spends-millions-for-202-new-jobs-f4411f2-139170044.html

MATR Supporters (view all)


Big Sky EDA- Building Businesses and Creating Jobs in the Greater Billings, Montana area

Bozeman is a rapidly growing city with a high quality of life in part due to the easy access to the outdoors, burgeoning tech industry, and cultural experiences it offers.

Great Falls trade area. Competitive for food, ag, bioprocessing, energy, and support. Closest U.S. metro area to Calgary. Untame Your Entrepreneurial Spirit!
Posted in:

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.