Senator Baldwin highlights efforts to boost WI start-ups

ALTOONA, Wis. (WEAU) -- U.S. Senator Tammy Baldwin visited Altoona today to highlight her efforts to support small business, start-up growth in Wisconsin.

Baldwin spent the afternoon at the Altoona Fire Departments speaking with Altoona Fire Chief Mark Renderman, UW-Eau Claire Chancellor James Schmidt, and small business owner Jeff Dykes. Dykes is the founder of northern star fire in Eau Claire.

To enhance firefighter safety, Northern Star Fire developed equipment to help firefighters navigate through burning buildings when protecting properties and saving lives.

“We need to make it easier for entrepreneurs like Jeff to start Northern Star Fire and grow his new business,” says Baldwin. “There is bipartisan support to increase federal support for start-ups and we should work together to deliver results for our Wisconsin start-ups.”

According to the Kauffman Foundation, one of the country’s leading entrepreneurship advocacy and research organizations, Wisconsin ranked last in business start-up activity in reports released in 2017, 2016 and 2015.

“In recent years, we've really lagged behind in the nation in terms of startups and entrepreneurial activity,” says Baldwin. “One of the things we can do to turn that around is help identify earlier stage investment and again, make taking the risk of entrepreneurship something a little less riskier through our tax code.”

Senator Baldwin has introduced tax reform legislation including the Support Our Start-Ups Act that will make it easier for entrepreneurs to start a new business like Northern Star Fire by increasing the amount of start-up costs they are able to deduct from federal income taxes.

Senator Baldwin has also joined bipartisan legislation led by Senator Marco Rubio (R-FL) to increase the amount of startup funding in underserved states like Wisconsin.



 
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