MADISON (AP) -- The Wisconsin state Senate has passed a bill designed to help small businesses in the state find investors online.
MADISON (WKOW) -- Businesses in Wisconsin could sell stock online under a bill up for a vote Tuesday in the state Senate.
The measure would allow businesses to use a model popularized by online crowdfunding sites like Kickstarter help finance projects. The sites ask the public to donate money to help get businesses off the ground in exchange for stock and equity.
Under the bill Senate lawmakers will consider, Wisconsin investors can take part.
Supporters say the measure is a good way to help small businesses succeed at no cost to the state. Last week, the bill cleared the Assembly unanimously.
If it gets the Senate's okay, it heads to Gov. Scott Walker.
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