MADISON, Wis. (AP) — Gov. Tony Evers will propose more than $329 million in new economic development initiatives as part of his state budget proposal on Tuesday, including a new $100 million venture capital fund to help startups and $200 million to assist small businesses hurt by the coronavirus pandemic.

Evers released details of his economic development plan on Sunday. He will submit his two-year state budget proposal to the Republican-controlled Legislature on Tuesday, which will then spend months reworking it before passing its own version this summer.

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