LRB-1756/P2
EKL:klm&ahe
2019 - 2020 LEGISLATURE
DOA:......Quinn, BB0262 - Grants to regional economic development corporations
For 2019-2021 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
commerce and economic development
Economic development
1. WEDC grants to regional economic development organizations
This bill requires that WEDC annually award at least $1,000,000 in grants to regional economic development organizations to be spent on economic development activities, including marketing activities. Under current law, WEDC is required to provide grants to these organizations, but there is no minimum level of grants that must be awarded and the grants may be used only to fund marketing activities.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 238.135 of the statutes is amended to read:
238.135 Grants to regional economic development organizations. The corporation shall award annual grants to regional economic development organizations to fund economic development activities, including marketing activities. The total amount of grants awarded each year shall be at least $1,000,000. The amount of each a grant
to fund marketing activities may not exceed $100,000 or the amount of matching funds the organization obtains from sources other than the corporation or the state, whichever is less.
(End)
