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In a groundbreaking move for the Wisconsin business community, the state legislature has passed new legislation aimed at boosting entrepreneurship and small business growth. The bill, titled the Small Business Growth Act, was signed into law by Governor Rebecca Sanders during a ceremony at the state capitol on Thursday.The Small Business Growth Act includes a number of provisions designed to support small businesses and startups in Wisconsin. One key component of the legislation is the establishment of a new grant program to provide funding for small businesses looking to expand or develop new products. The grants will be targeted towards businesses in underserved communities and will be administered by the Wisconsin Economic Development Corporation.In addition to the grant program, the Small Business Growth Act also includes provisions to streamline the permitting process for small businesses and reduce regulatory burdens. This includes the creation of a new online portal where entrepreneurs can submit permit applications and receive timely feedback from state regulators.Governor Sanders praised the new legislation as a major step forward for Wisconsin's business community. "Small businesses are the backbone of our economy, and we must do everything we can to support their growth and success," she said in a statement. "The Small Business Growth Act is a common-sense approach to reducing barriers to entry for entrepreneurs and encouraging innovation and job creation in our state."The passage of the Small Business Growth Act comes amidst a larger push by the state government to promote economic development and attract new businesses to Wisconsin. In recent years, the state has seen a surge in entrepreneurship and startup activity, particularly in sectors such as technology, healthcare, and manufacturing.Business leaders and industry groups have welcomed the new legislation, hailing it as a positive step towards creating a more business-friendly environment in Wisconsin. "This is a game-changer for small businesses in our state," said Mark Johnson, president of the Wisconsin Small Business Association. "By reducing red tape and providing financial support to entrepreneurs, we can unlock the full potential of Wisconsin's business community and drive economic growth for years to come."Overall, the Small Business Growth Act represents a significant milestone for Wisconsin's business community and signals a renewed commitment to fostering entrepreneurship and small business growth in the state. With the support of the new legislation, entrepreneurs and small business owners in Wisconsin are poised to thrive and contribute to the state's economic prosperity for years to come.