AB100-engrossed,1983,7
7560.16 (title)
Employe ownership assistance
loans grants.
AB100-engrossed,1983,109
560.16
(1) (b) "Business" means an employe-owned business or an existing
10business which is the subject of an application for a
loan grant under this section.
AB100-engrossed,1983,1212
560.16
(2) (title)
Employe ownership assistance loans grants
.
AB100-engrossed,1983,1714
560.16
(2) (a) From the appropriations under s. 20.143 (1) (c) and (ie), the
15department may make
loans grants to existing business groups for a feasibility study
16to investigate the reorganization or new incorporation of an existing business as an
17employe-owned business and for professional services to implement the study.
AB100-engrossed,1983,2119
560.16
(2) (b) The department may not make a
loan grant under this section
20unless the board has approved the
loan grant under this section or requested the
21department to make the grant under s. 560.61 (3).
AB100-engrossed,1983,2423
560.16
(2) (c) (intro.) The board may not approve a
loan grant under this section
24unless the board has considered all of the following:
AB100-engrossed,1984,3
1560.16
(2) (d) The board may approve a
loan grant regardless of the number
2of employes laid off or to be laid off by the business or, if the business is closed, the
3length of time that it has been closed.
AB100-engrossed,1984,75
560.16
(3) (title)
Loan
Grant applications. (intro.) To apply for a
loan grant 6under this section, a group shall submit an application to the department which
7includes:
AB100-engrossed,1984,119
560.16
(3) (e) A description of the group's financial assets available to match
10the
loan grant and a statement indicating the group's willingness to match the
loan 11grant.
AB100-engrossed,1984,1513
560.16
(3) (f) A written commitment from a person with the recognized
14expertise and experience necessary to conduct the feasibility study or provide the
15professional services to be financed by the
loan
grant.
AB100-engrossed,1984,1717
560.16
(4) (title)
Loan
Grant limits; contract approval.
AB100-engrossed,1984,2119
560.16
(4) (a) A
loan grant to a group under this section may not exceed
$25,000
20unless the joint committee on finance, under s. 13.101 (5m), approves a specified
21amount exceeding $25,000 $15,000.
AB100-engrossed,1985,223
560.16
(4) (b) As a condition of approval of a
loan grant to a group under this
24section, the board shall require that the group provide matching funds for at least
2525% of the cost of the project, except that the board may waive application of that
1requirement if the board determines that the group is subject to extreme financial
2hardship.
AB100-engrossed,1985,94
560.16
(4) (c) Any contract for any feasibility study or professional services
5financed by a
loan grant under sub. (2) (a) shall be subject to the approval of the
board 6department. The
board department may not approve such a contract unless it
7determines that the contractor has the expertise required to provide the necessary
8study or services and that the contractor's costs are consistent with existing market
9rates.
AB100-engrossed,1985,1312
560.16
(6) (a) (intro.) Any feasibility study of an existing business financed by
13a
loan grant under sub. (2) (a)
shall may include:
AB100-engrossed,1985,2115
560.16
(6) (b) The results of a feasibility study of an existing business financed
16by a
loan grant under sub. (2) (a) shall be solely for the use of the group which received
17the
loan grant, except that if the group's bid to purchase the business has been
18withdrawn, rejected or terminated, the group shall submit a copy of the study and
19the results of any professional services financed by the
loan grant to the board and
20the board may provide a copy of such results to any person seeking to purchase the
21existing business.
AB100-engrossed,1986,2
23560.165 Division of international and export development; fees. The
24division of international and export development may charge fees for services it
25provides to cover the costs incurred by the division in providing the services. The
1division shall deposit all fees collected under this section in the appropriation
2account under s. 20.143 (1) (g).
AB100-engrossed,1986,44
560.17
(1) (am) "Brownfields" has the meaning given in s. 560.60 (1v).
AB100-engrossed,1986,66
560.17
(1) (bm) "Job" has the meaning given in s. 560.60 (10).
AB100-engrossed,1986,88
560.17
(1) (d) 2. A city, town or village with a population of
4,000 6,000 or less.
AB100-engrossed,1986,1310
560.17
(2) (b) The department shall make the grant or loan
, except for a grant
11under sub. (5c), from the appropriation under s. 20.143 (1) (er) or (ir).
The
12department shall make a grant under sub. (5c) from the appropriation under s.
1320.143 (1) (g).
AB100-engrossed,1986,1615
560.17
(3) (intro.)
The Subject to sub. (4m), the board may award a grant
or loan 16under this subsection to a business if all of the following apply:
AB100-engrossed,1986,1818
560.17
(3) (a) The amount of the grant
or loan does not exceed
$30,000 $15,000.
AB100-engrossed,1986,2120
560.17
(3) (b) The business, together with any affiliate, subsidiary or parent
21entity, has fewer than
25 50 employes.
AB100-engrossed,1986,2423
560.17
(3) (e) The proceeds of the grant
or loan will be used by the business as
24provided in sub. (5).
AB100-engrossed,1987,2
1560.17
(4) (intro.) Before awarding a grant
or loan under sub. (3), the board
2shall consider all of the following:
AB100-engrossed,1987,54
560.17
(4) (c) The number of new jobs created by the business in relation to the
5amount of the grant
or loan.
AB100-engrossed,1987,97
560.17
(4) (cm) In relation to the amount of the grant, the number of existing
8jobs that will be retained by the business if the grant is awarded and that likely would
9not be retained if the grant is not awarded.
AB100-engrossed,1987,1211
560.17
(4) (f) Whether the business would be able to start or expand its
12operations without a grant
or loan.
AB100-engrossed,1987,1814
560.17
(4m) Of the total amount awarded in grants in a fiscal biennium under
15sub. (3), the board shall award not less than 25% and not more than 50% for purposes
16related to an agricultural business. The board shall give priority under this
17subsection for grants that will be used for purposes related to a dairy farm, as defined
18in s. 97.22 (1) (a).
AB100-engrossed,1987,2120
560.17
(5) (intro.) A business shall use the proceeds of a grant
or loan under
21sub. (3) to pay for any of the following:
AB100-engrossed,1988,223
560.17
(5c) (a)
Subject to par. (b), the board may award a grant under this
24subsection to a person or business proposing to start up, modernize or expand in this
1state a dairy farm, as defined in s. 97.22 (1) (a), or other agricultural business if all
2of the following apply:
AB100-engrossed,1988,43
1. The dairy farm or other agricultural business is or will be owned by the
4person or business.
AB100-engrossed,1988,55
2. The amount of the grant does not exceed $15,000.
AB100-engrossed,1988,106
3. The grant proceeds will be used to pay for services related to the start-up,
7modernization or expansion of the dairy farm or other agricultural business, or for
8management assistance, as defined in s. 560.20 (1) (cf), continuing after the
9completion of the start-up, modernization or expansion of the dairy farm or other
10agricultural business.
AB100-engrossed,1988,1211
4. The grant is likely to result in the start-up, modernization or expansion of
12the dairy farm or other agricultural business.
AB100-engrossed,1988,1413
(b) The total amount of grants awarded under this subsection in any fiscal year
14may not exceed $200,000.
AB100-engrossed,1988,1816
560.17
(5m) (a) (intro.) Subject to par.
(c) (cm), the board may award a
grant
17or loan under this subsection that does not exceed
$25,000 $100,000 to a business if
18all of the following apply:
AB100-engrossed,1988,2120
560.17
(5m) (a) 1. The business, together with any affiliate, subsidiary or
21parent entity, has fewer than
25 50 employes.
AB100-engrossed,1988,2523
560.17
(5m) (a) 4. The business
received a grant or loan under sub. (3) and with
24the proceeds successfully
demonstrated its demonstrates the feasibility
of the
25project.
AB100-engrossed,1989,32
560.17
(5m) (b) (intro.) A business shall use the proceeds of a
grant or loan
3under this subsection for any of the following:
AB100-engrossed,1989,85
560.17
(5m) (bm) If a business receives a
grant or loan under this subsection
6for the purpose specified in par. (b) 3., the department shall ensure that an employe
7of the business has the option of accepting or declining any relocation assistance that
8is available as a result of the
grant or loan.
AB100-engrossed,1989,1511
560.17
(5m) (cm) Of the total amount awarded in grants and loans in a fiscal
12biennium under this subsection, the board shall award not less than 25% and not
13more than 50% for purposes related to an agricultural business. The board shall give
14priority under this paragraph for grants or loans that will be used for purposes
15related to a dairy farm, as defined in 97.22 (1) (a).
AB100-engrossed,1989,1917
560.17
(6m) In order to receive a grant or loan under this section a person or
18business shall contribute cash, from a source other than the state, in an amount that
19equals at least 25% of the total cost of the project.
AB100-engrossed,1989,2221
560.17
(6r) The board shall give priority for grants or loans under this section
22for projects related to brownfields redevelopment.
AB100-engrossed,1990,324
560.17
(7) (a)
The Except as provided in par. (am), the department shall
25designate staff to evaluate applications for grants or loans and assist the board under
1this section. The board shall act on an application for a grant or loan at its next
2regularly scheduled meeting after the department determines that the application
3is complete.