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Fund Profile:
Wisconsin Rural Enterprise Fund
Address: 1400 South River Street, Spooner, WI 54801
Telephone: (715) 635-2197
Fax: (715) 635-7262
Website: www.nwrpc.com
Email: mueller@wbic-newventures.com
Key Personnel: Myron Schuster, President/CEO of Wisconsin Business Innovation Corporation
Established: 2000
Total Committed Capital: $1.5 million with goal of $5 million
Amount Invested: $850,000
Geographic Focus: Wisconsin's 10 northwest counties.
Background
The Wisconsin Rural Enterprise Fund was formed through partnerships with rural cooperatives, local economic development organizations and financial institutions and is managed by the Northwest Regional Planning Commission and Wisconsin Business Innovation Corporation.
Social Mission
To foster new market, higher wage jobs, and economic diversification throughout rural Wisconsin where there is typically a lack of venture capital.
Investment Information
The Fund focuses on Wisconsin's 10 northwest counties, but will consider investments in other rural areas of the state. The Fund invests primarily in early stage science-based agriculture and high-tech wood products companies but has made investments outside these areas in the past and will consider doing so in the future. Investment sizes typically range from $25,000 to $300,000.
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