SB77,1702,2522 (b) If possible, when making a determination under par. (a), the department
23shall accord a 50% weight to the criterion under par. (a) 1., a 25% weight to the
24criterion under par. (a) 2., a 15% weight to the criterion under par. (a) 3. and a 10%
25weight to the criterion under par. (a) 4.
SB77,1703,2
1(4) (a) From the appropriation under s. 20.143 (1) (q), the department shall
2award all of the following:
SB77,1703,33 1. A total of $3,000,000 in grants that do not exceed $300,000.
SB77,1703,54 2. A total of $7,000,000 in grants that are greater than $300,000 but that do
5not exceed $700,000.
SB77,1703,76 3. A total of $10,000,000 in grants that are greater than $700,000 but that do
7not exceed $5,000,000.
SB77,1703,88 (b) The department may not award a grant that exceeds $5,000,000.
SB77,1703,109 (c) The department shall award at least 7 grants for projects that are located
10in municipalities with a population of less than 30,000.
SB77,1703,13 11(5) Before the department awards a grant under this section, the department
12shall consider the recommendations of the department of administration and the
13department of natural resources.
SB77,1703,16 14(6) The department shall promulgate rules that establish criteria, within the
15guidelines under subs. (2) and (3), for awarding grants under this section, including
16the circumstances under which grant proceeds may be used for assessment services.
SB77,1703,20 17(7) On or before December 31, 1998, and annually thereafter, the department
18shall submit a report on the effectiveness of the program under this section to the
19legislature under s. 13.172 (2) and to the governor and the department of
20administration.
SB77, s. 4352 21Section 4352. 560.135 of the statutes is created to read:
SB77,1703,23 22560.135 Mining economic development grants and loans. (1) In this
23section:
SB77,1703,2424 (a) "Area affected by mining" means an area in which all of the following apply:
SB77,1704,2
11. Public and private infrastructure are or were provided to support mining
2activity.
SB77,1704,33 2. Public funds are or were expended for costs associated with mining activity.
SB77,1704,64 3. Construction of a mine has commenced and economic diversification is
5necessary to reduce dependence on mining activity for the long-term economic
6growth and stability of the area.
SB77,1704,77 (b) "Board" means the development finance board.
SB77,1704,88 (c) "Business" has the meaning given in s. 560.60 (2).
SB77,1704,99 (d) "Community-based organization" has the meaning given in s. 560.14 (1) (c).
SB77,1704,1010 (e) "Local development corporation" means any of the following:
SB77,1704,1211 1. The elected governing body of a federally recognized American Indian tribe
12or band in this state or any business created by the elected governing body.
SB77,1704,1313 2. A nonprofit corporation organized under ch. 181 that does all of the following:
SB77,1704,1414 a. Operates within specific geographic boundaries.
SB77,1704,1515 b. Promotes the economic development within the specific geographic area.
SB77,1704,1616 (f) "Mining" means metallic mineral mining.
SB77,1704,19 17(2) Subject to subs. (3) and (4), the board may award a grant or loan for the
18purpose specified to any of the following entities located in an area affected by
19mining:
SB77,1704,2120 (a) A business, to finance costs associated with start-up, maintenance or
21expansion in an area affected by mining.
SB77,1704,2222 (b) A city, village, town or county, to develop an economic diversification plan.
SB77,1704,2523 (c) A city, village, town, county, community-based organization or local
24development corporation, to establish a local revolving loan fund to finance
25businesses that will create long-term employment opportunities.
SB77,1705,3
1(d) A community-based organization or local development corporation, to
2conduct a local economic development project that will create long-term employment
3opportunities and to provide assistance to businesses or entrepreneurs.
SB77,1705,74 (e) A business, to obtain professional services related to the start-up,
5maintenance or expansion of the business, including assistance with feasibility
6studies or financial and marketing plans and managerial assistance after start-up
7or expansion.
SB77,1705,9 8(3) The board may not award a grant or loan under sub. (2) if the proceeds will
9be used to establish or expand a business that is solely dependent on mining activity.
SB77,1705,11 10(4) (a) The board may not award a grant or loan under sub. (2) (a), (b) or (d) that
11exceeds $100,000.
SB77,1705,1312 (b) The board may not award a grant or loan under sub. (2) (c) that exceeds
13$200,000.
SB77,1705,1514 (c) The board may not award a grant or loan under sub. (2) (e) that exceeds
15$15,000.
SB77,1705,17 16(5) In awarding grants and loans under sub. (2), the board shall consider all
17of the following:
SB77,1705,1818 (a) The factors under s. 560.605 (2) (a) to (e).
SB77,1705,2019 (b) Whether the project will be located in a targeted area, as determined by the
20board after considering the factors under s. 560.605 (2m) (a) to (h).
SB77,1705,2321 (c) The extent to which the business or other entity assisted by the project is
22likely to provide stable, long-term employment opportunities to reduce the
23dependence of the area on mining.
SB77,1705,25 24(6) From the appropriations under s. 20.143 (1) (if) and (r), the department
25shall make grants and loans awarded by the board under sub. (2).
SB77,1706,6
1(7) The department, with the approval of the board, shall promulgate rules
2establishing policies and standards for awarding grants and loans under sub. (2),
3consistent with policies and standards established under the rules required under
4s. 560.602. The department shall promulgate rules regarding the application
5processes for grants and loans under sub. (2) and for loans made from revolving loan
6funds established with proceeds awarded under sub. (2) (c).
SB77, s. 4353 7Section 4353. 560.14 (1) (ar) of the statutes is created to read:
SB77,1706,88 560.14 (1) (ar) "Brownfields" has the meaning given in s. 560.60 (1v).
SB77, s. 4354 9Section 4354. 560.14 (2) (a) 1. of the statutes is amended to read:
SB77,1706,1310 560.14 (2) (a) 1. Enable a community-based organization or a political
11subdivision receiving a grant to develop a plan for diversifying its the local or
12regional
economy, attracting new businesses and jobs and promoting economic
13development
.
SB77, s. 4355 14Section 4355. 560.14 (2) (c) (intro.) of the statutes is renumbered 560.14 (2)
15(c) and amended to read:
SB77,1706,1716 560.14 (2) (c) An individual grant under this subsection may not exceed
17whichever of the following applies: $30,000.
SB77, s. 4356 18Section 4356. 560.14 (2) (c) 1. of the statutes is repealed.
SB77, s. 4357 19Section 4357. 560.14 (2) (c) 2. of the statutes is repealed.
SB77, s. 4358 20Section 4358. 560.14 (4m) of the statutes is created to read:
SB77,1706,2421 560.14 (4m) (a) Subject to par. (b), the department may make a grant under
22this subsection from the appropriation under s. 20.143 (1) (fg) to a community-based
23organization or private nonprofit organization for a venture capital development
24project if all of the following apply:
SB77,1707,2
11. The project will assist entrepreneurs or businesses in the state in obtaining
2capital for the start-up or development of a business.
SB77,1707,43 2. The project will likely stimulate investment, promote economic development
4or create or retain jobs in the state.
SB77,1707,95 3. The grant applicant submits a plan that describes the proposed activity, how
6the activity satisfies the criteria under this paragraph, how the grant will be
7administered, how the grant proceeds will be used to support the activity and how
8the activity will be coordinated with other venture capital development projects or
9programs, including any projects or programs of the department.
SB77,1707,1010 4. The secretary approves the plan under subd. 3.
SB77,1707,1211 5. The grant applicant funds at least 50% of the total cost of the project by
12providing cash or in-kind contributions.
SB77,1707,1413 (b) The department may not award more than $75,000 in grants under this
14subsection in any fiscal year.
SB77, s. 4359 15Section 4359. 560.14 (5) (b) of the statutes is amended to read:
SB77,1707,1716 560.14 (5) (b) Promulgate Subject to par. (d), promulgate rules to develop
17criteria for evaluating applications for grants under this section.
SB77, s. 4360 18Section 4360. 560.14 (5) (d) of the statutes is created to read:
SB77,1707,2019 560.14 (5) (d) Give priority for grants under this section for projects related to
20brownfields redevelopment.
SB77, s. 4361 21Section 4361. 560.15 (4) of the statutes is amended to read:
SB77,1708,222 560.15 (4) All records received or created for the purposes of this section shall
23be closed to public inspection if the department, a chief executive officer of a village,
24town or city or a community response committee determines that public inspection
25of the records could adversely affect the business, its employes or former employes,

1except that information requested under s. 49.22 (2m) shall be disclosed to the person
2requesting the information
.
SB77, s. 4362 3Section 4362. 560.15 (5) of the statutes is amended to read:
SB77,1708,114 560.15 (5) Each employe of the department, and each member of the
5community response committee, and each chief executive officer of a village, town or
6city and employes of his or her office shall keep secret all facts and information
7obtained in the course of performing their responsibilities under this section, except
8that facts and information requested under s. 49.22 (2m) shall be disclosed to the
9person making the request
. This subsection does not prohibit the public inspection
10of records to the extent permitted under sub. (4) nor meetings in open session to the
11extent permitted under s. 19.85 (1) (i).
SB77, s. 4363 12Section 4363. 560.16 (title) of the statutes is amended to read:
SB77,1708,13 13560.16 (title) Employe ownership assistance loans grants.
SB77, s. 4364 14Section 4364. 560.16 (1) (b) of the statutes is amended to read:
SB77,1708,1615 560.16 (1) (b) "Business" means an employe-owned business or an existing
16business which is the subject of an application for a loan grant under this section.
SB77, s. 4365 17Section 4365. 560.16 (2) (title) of the statutes is amended to read:
SB77,1708,1818 560.16 (2) (title) Employe ownership assistance loans grants .
SB77, s. 4366 19Section 4366. 560.16 (2) (a) of the statutes is amended to read:
SB77,1708,2320 560.16 (2) (a) From the appropriations under s. 20.143 (1) (c) and (ie), the
21department may make loans grants to existing business groups for a feasibility study
22to investigate the reorganization or new incorporation of an existing business as an
23employe-owned business and for professional services to implement the study.
SB77, s. 4367 24Section 4367. 560.16 (2) (b) of the statutes is amended to read:
SB77,1709,3
1560.16 (2) (b) The department may not make a loan grant under this section
2unless the board has approved the loan grant under this section or requested the
3department to make the grant under s. 560.61 (3)
.
SB77, s. 4368 4Section 4368. 560.16 (2) (c) (intro.) of the statutes is amended to read:
SB77,1709,65 560.16 (2) (c) (intro.) The board may not approve a loan grant under this section
6unless the board has considered all of the following:
SB77, s. 4369 7Section 4369. 560.16 (2) (d) of the statutes is amended to read:
SB77,1709,108 560.16 (2) (d) The board may approve a loan grant regardless of the number
9of employes laid off or to be laid off by the business or, if the business is closed, the
10length of time that it has been closed.
SB77, s. 4370 11Section 4370. 560.16 (3) (intro.) of the statutes is amended to read:
SB77,1709,1412 560.16 (3) (title) Loan Grant applications. (intro.) To apply for a loan grant
13under this section, a group shall submit an application to the department which
14includes:
SB77, s. 4371 15Section 4371. 560.16 (3) (e) of the statutes is amended to read:
SB77,1709,1816 560.16 (3) (e) A description of the group's financial assets available to match
17the loan grant and a statement indicating the group's willingness to match the loan
18grant.
SB77, s. 4372 19Section 4372. 560.16 (3) (f) of the statutes is amended to read:
SB77,1709,2220 560.16 (3) (f) A written commitment from a person with the recognized
21expertise and experience necessary to conduct the feasibility study or provide the
22professional services to be financed by the loan grant.
SB77, s. 4373 23Section 4373. 560.16 (4) (title) of the statutes is amended to read:
SB77,1709,2424 560.16 (4) (title) Loan Grant limits; contract approval.
SB77, s. 4374 25Section 4374. 560.16 (4) (a) of the statutes is amended to read:
SB77,1710,3
1560.16 (4) (a) A loan grant to a group under this section may not exceed $25,000
2unless the joint committee on finance, under s. 13.101 (5m), approves a specified
3amount exceeding $25,000
$15,000.
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