- The governor’s Badger Bounceback agenda adds approximately $450 million in tax relief for low- and moderate-income Wisconsinites, especially those with kids and those who provide care to family members. It also provides more than $90 million in targeted tax relief to businesses to encourage investment and hiring.
- Fixing our broken unemployment system is long overdue—the system has experienced problems for more than a decade. Among Governor Evers’ top priorities is modernizing our broken unemployment system by providing $79.5 million to make necessary upgrades to ensure Wisconsinites experiencing unemployment through no fault of their own can get the resources and support they need during an economic crisis.
- Governor Evers is also calling to increase the state minimum wage to $10.15 on or after January 1, 2024. His proposal also ties future state minimum wage increases to the consumer price index to ensure our wages adjust to the changing times and economy. The governor’s Bounceback agenda also creates a task force to study options for achieving a statewide minimum wage of $15 an hour.
- To help meet the urgent need for more affordable housing in Wisconsin, the Badger Bounceback agenda more than doubles the Wisconsin Housing and Economic Development Authority’s state housing tax credit program from $42 million to $100 million, establishes a new $50 million affordable workforce housing grant program at the Department of Administration, and creates state taxadvantaged savings accounts for first-time homebuyers
- Governor Evers’ Badger Bounceback agenda builds on the successful We’re All In grant program, which provided nearly $240 million support to nearly 53,000 businesses across our state. The governor proposes $200 million to assist Wisconsin small businesses with recovering from the COVID-19 global pandemic, including assistance for retaining and rehiring of jobs lost during the pandemic.
- To bolster Wisconsin’s long-term economic growth as we bounce back from the COVID-19 pandemic, Governor Evers’ Badger Bounceback agenda creates a $100 million venture capital fund. This venture capital program created under the WEDC would help kickstart innovation and startup growth, an area in which our state has historically lagged.
- Governor Evers’ budget proposal increases the WEDC’s annual block grant by $10 million over the next two years, bringing the total to over $51.5 million per year. The Badger Bounceback agenda also invests in local and regional economic development organizations, underserved community grants, and in tribal economic development to help ensure our economy works for everyone. It also provides $8 million in funding for pandemic recovery grants to local workforce development boards, which, in turn, will help workers and local businesses by funding local training programs to return workers to the workforce.
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