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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:
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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.
SB77, s. 4375 4Section 4375. 560.16 (4) (b) of the statutes is amended to read:
SB77,1710,95 560.16 (4) (b) As a condition of approval of a loan grant to a group under this
6section, the board shall require that the group provide matching funds for at least
725% of the cost of the project, except that the board may waive application of that
8requirement if the board determines that the group is subject to extreme financial
9hardship.
SB77, s. 4376 10Section 4376. 560.16 (4) (c) of the statutes is amended to read:
SB77,1710,1611 560.16 (4) (c) Any contract for any feasibility study or professional services
12financed by a loan grant under sub. (2) (a) shall be subject to the approval of the board
13department. The board department may not approve such a contract unless it
14determines that the contractor has the expertise required to provide the necessary
15study or services and that the contractor's costs are consistent with existing market
16rates.
SB77, s. 4377 17Section 4377. 560.16 (5) of the statutes is repealed.
SB77, s. 4378 18Section 4378. 560.16 (6) (a) (intro.) of the statutes is amended to read:
SB77,1710,2019 560.16 (6) (a) (intro.) Any feasibility study of an existing business financed by
20a loan grant under sub. (2) (a) shall may include:
SB77, s. 4379 21Section 4379. 560.16 (6) (b) of the statutes is amended to read:
SB77,1711,322 560.16 (6) (b) The results of a feasibility study of an existing business financed
23by a loan grant under sub. (2) (a) shall be solely for the use of the group which received
24the loan grant, except that if the group's bid to purchase the business has been
25withdrawn, rejected or terminated, the group shall submit a copy of the study and

1the results of any professional services financed by the loan grant to the board and
2the board may provide a copy of such results to any person seeking to purchase the
3existing business.
SB77, s. 4380 4Section 4380. 560.165 of the statutes is created to read:
SB77,1711,9 5560.165 Division of international and export development; fees. The
6division of international and export development may charge fees for services it
7provides to cover the costs incurred by the division in providing the services. The
8division shall deposit all fees collected under this section in the appropriation
9account under s. 20.143 (1) (g).
SB77, s. 4381 10Section 4381. 560.17 (1) (am) of the statutes is created to read:
SB77,1711,1111 560.17 (1) (am) "Brownfields" has the meaning given in s. 560.60 (1v).
SB77, s. 4382 12Section 4382. 560.17 (1) (bm) of the statutes is created to read:
SB77,1711,1313 560.17 (1) (bm) "Job" has the meaning given in s. 560.60 (10).
SB77, s. 4383 14Section 4383. 560.17 (1) (d) 2. of the statutes is amended to read:
SB77,1711,1515 560.17 (1) (d) 2. A city, town or village with a population of 4,000 6,000 or less.
SB77, s. 4384 16Section 4384. 560.17 (3) (intro.) of the statutes is amended to read:
SB77,1711,1817 560.17 (3) (intro.) The Subject to sub. (4m), the board may award a grant or loan
18under this subsection to a business if all of the following apply:
SB77, s. 4385 19Section 4385. 560.17 (3) (a) of the statutes is amended to read:
SB77,1711,2020 560.17 (3) (a) The amount of the grant or loan does not exceed $30,000 $15,000.
SB77, s. 4386 21Section 4386. 560.17 (3) (b) of the statutes is amended to read:
SB77,1711,2322 560.17 (3) (b) The business, together with any affiliate, subsidiary or parent
23entity, has fewer than 25 100 employes.
SB77, s. 4387 24Section 4387. 560.17 (3) (e) of the statutes is amended to read:
SB77,1712,2
1560.17 (3) (e) The proceeds of the grant or loan will be used by the business as
2provided in sub. (5).
SB77, s. 4388 3Section 4388. 560.17 (4) (c) of the statutes is amended to read:
SB77,1712,54 560.17 (4) (c) The number of new jobs created by the business in relation to the
5amount of the grant or loan.
SB77, s. 4389 6Section 4389. 560.17 (4) (cm) of the statutes is created to read:
SB77,1712,97 560.17 (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.
SB77, s. 4390 10Section 4390. 560.17 (4) (f) of the statutes is amended to read:
SB77,1712,1211 560.17 (4) (f) Whether the business would be able to start or expand its
12operations without a grant or loan.
SB77, s. 4391 13Section 4391. 560.17 (4m) of the statutes is created to read:
SB77,1712,1814 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).
SB77, s. 4392 19Section 4392. 560.17 (5) (intro.) of the statutes is amended to read:
SB77,1712,2120 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:
SB77, s. 4393 22Section 4393. 560.17 (5c) of the statutes is created to read:
SB77,1713,223 560.17 (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:
SB77,1713,43 1. The dairy farm or other agricultural business is or will be owned by the
4person or business.
SB77,1713,55 2. The amount of the grant does not exceed $50,000.
SB77,1713,106 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.
SB77,1713,1211 4. The grant is likely to result in the start-up, modernization or expansion of
12the dairy farm or other agricultural business.
SB77,1713,1413 (b) The total amount of grants awarded under this subsection in any fiscal year
14may not exceed $200,000.
SB77, s. 4394 15Section 4394. 560.17 (5m) (a) (intro.) of the statutes is amended to read:
SB77,1713,1816 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:
SB77, s. 4395 19Section 4395. 560.17 (5m) (a) 1. of the statutes is amended to read:
SB77,1713,2120 560.17 (5m) (a) 1. The business, together with any affiliate, subsidiary or
21parent entity, has fewer than 25 100 employes.
SB77, s. 4396 22Section 4396. 560.17 (5m) (a) 4. of the statutes is amended to read:
SB77,1713,2523 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
.
SB77, s. 4397
1Section 4397. 560.17 (5m) (b) (intro.) of the statutes is amended to read:
SB77,1714,32 560.17 (5m) (b) (intro.) A business shall use the proceeds of a grant or loan
3under this subsection for any of the following:
SB77, s. 4398 4Section 4398. 560.17 (5m) (bm) of the statutes is amended to read:
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