2007 Wisconsin Act 125

5. The number of loans made under the program in the previous fiscal year.

5m. The amount of tax benefits allocated and verified under the program in the previous fiscal year.

6. The amount of each grant and loan made under the program in the previous fiscal year.

7. The recipient of each grant or loan made under the program in the previous fiscal year.

7m. The recipients of tax benefits allocated and verified under the program in the previous fiscal year.

8. The sum total of all grants and loans awarded to and received by each recipient under the program in the previous fiscal year.

9. Any recommended changes to the program.

125,41 Section 41. 560.01 (2) (as) of the statutes is created to read:

560.01 (2) (as) Coordination of economic development program goals and accountability measures; annual reporting requirements. 1. The department of commerce shall coordinate the development of programmatic goals and accountability measures as required under ss. 23.167, 36.09 (1) (am), 38.04 (1m), 41.11 (1g), 84.01 (6m), 93.07 (18), and 234.032 to ensure that the goals and measures are adequate, compatible, and effective.

2. The department of commerce shall collaborate with the department of natural resources, the Board of Regents of the University of Wisconsin System, the technical college system board, the department of tourism, the department of transportation, the department of agriculture, trade, and consumer protection, and the Wisconsin housing and economic development authority to facilitate the reporting required under ss. 23.169, 36.11 (29r), 38.04 (10m), 41.11 (1r), 84.01 (11m), 93.07 (20), and 234.255.

125,42 Section 42. 560.03 (15) of the statutes is repealed.

125,43 Section 43. 560.038 of the statutes is repealed.

125,44 Section 44. 560.039 of the statutes is repealed.

125,45 Section 45. 560.07 (3) (b) of the statutes is renumbered 560.07 (8) (intro.) and amended to read:

560.07 (8) (intro.) Contract with Forward Wisconsin, Inc., if the secretary determines it appropriate, to pay Forward Wisconsin, Inc., an amount not to exceed the amount appropriated under s. 20.143 (1) (bm), to establish and implement a nationwide business development promotion campaign to attract persons interested in locating new enterprises in this state, and to encourage the retention and expansion of businesses and jobs in this state. Funds may be expended to carry out the contract only as provided in s. 16.501. The department shall establish all of the following for the nationwide business development promotion campaign:

125,46 Section 46. 560.07 (8) (a) of the statutes is created to read:

560.07 (8) (a) Clear and measurable goals tied to statutory policy objectives.

125,47 Section 47. 560.07 (8) (b) of the statutes is created to read:

560.07 (8) (b) At least one quantifiable performance measure for each goal described in par. (a).

125,48 Section 48. 560.07 (8) (c) of the statutes is created to read:

560.07 (8) (c) A method for evaluating the projected results with actual outcomes as determined by evaluating the information described in pars. (a) and (b).

125,49 Section 49. 560.07 (9) of the statutes is amended to read:

560.07 (9) On or before July 1, 1985, and every July 1 thereafter, submit to the chief clerk of each house of the legislature, for distribution to the appropriate standing committees under s. 13.172 (3), a Include in the report stating the net jobs gain due to required under s. 560.01 (2) (am) an assessment of the nationwide business development promotion activities conducted by Forward Wisconsin, Inc., with the funds provided to Forward Wisconsin, Inc., under s. 20.143 (1) (bm). The assessment shall address the goals and performance measures established pursuant to sub. (3) (b).

125,50 Section 50. 560.10 of the statutes is repealed.

125,51 Section 51. 560.11 (1) (b) of the statutes is repealed.

125,52 Section 52. 560.13 (7) of the statutes is repealed.

125,53 Section 53. 560.137 (1) (a) of the statutes is repealed.

125,54 Section 54. 560.137 (1) (b) of the statutes is renumbered 560.138 (1) (at).

125,55 Section 55. 560.137 (1) (c) of the statutes is repealed.

125,56 Section 56. 560.137 (2) (a) (intro.) of the statutes is repealed.

125,57 Section 57. 560.137 (2) (a) 1. of the statutes is renumbered 560.138 (2m) (a).

125,58 Section 58. 560.137 (2) (a) 2. of the statutes is renumbered 560.138 (2m) (b).

125,59 Section 59. 560.137 (2) (bm) of the statutes is repealed.

125,60 Section 60. 560.137 (2) (c) of the statutes is repealed.

125,61 Section 61. 560.137 (2) (d) of the statutes is repealed.

125,62 Section 62. 560.137 (2) (e) of the statutes is repealed.

125,63 Section 63. 560.137 (2) (f) of the statutes is repealed.

125,64 Section 64. 560.137 (3m) of the statutes is renumbered 560.139 (3).

125,65 Section 65. 560.138 (2m) (intro.) of the statutes is created to read:

560.138 (2m) (intro.) Subject to subs. (3) and (4), from the appropriations under s. 20.143 (1) (ig) and (kj), the department may do all of the following for the purpose of improving the profitability of a qualified business that has been negatively impacted by the existence of a casino:

125,66 Section 66. 560.138 (3) of the statutes is amended to read:

560.138 (3) As a condition of approval of a grant or loan under this section, the department shall require that a qualified business provide matching funds for at least 25% of the cost of a project. The department may waive the requirement under this subsection if the department determines that the qualified business is subject to extreme financial hardship.

125,67 Section 67. 560.138 (5) of the statutes is renumbered 560.138 (5) (a).

125,68 Section 68. 560.138 (5) (b) of the statutes is created to read:

560.138 (5) (b) The department may forgive all or any part of a loan made under this section.

125,69 Section 69. 560.139 (3) (title) of the statutes is created to read:

560.139 (3) (title) Grants and loans for Oneida small businesses.

125,70 Section 70. 560.14 (3) (c) 8. of the statutes is amended to read:

560.14 (3) (c) 8. Whether the business incubator or technology-based incubator is or will be located in an area that has been designated as a development zone under s. 560.71, a development opportunity zone under s. 560.795 or an enterprise development zone under s. 560.797.

125,71 Section 71. 560.14 (3m) of the statutes is repealed.

125,72 Section 72. 560.155 (2) (b) 3. of the statutes is repealed.

125,73 Section 73. 560.155 (4) of the statutes is repealed.

125,74 Section 74. 560.155 (5) of the statutes is created to read:

560.155 (5) In deciding whether to award a grant under this section, the department may not consider any factor or characteristic of the business other than the criteria established under subs. (1) and (2).

125,75 Section 75. 560.17 (5r) of the statutes is repealed.

125,76 Section 76. 560.17 (6m) (a) of the statutes is renumbered 560.17 (6m) and amended to read:

560.17 (6m) Except as provided in par. (b), in order to To receive a grant or loan under this section a person or business shall contribute cash, from a source other than the state, in an amount that equals at least 25% of the total cost of the project.

125,77 Section 77. 560.17 (6m) (b) of the statutes is repealed.

125,78 Section 78. 560.17 (7) (a) of the statutes is amended to read:

560.17 (7) (a) Except as provided in par. (am), the department shall designate staff to evaluate applications for grants or loans and assist the board under this section. The board shall act on an application for a grant or loan at its next regularly scheduled meeting after the department determines that the application is complete, except that the board shall act on an application for a loan under sub. (5r) and advise the applicant of its decision within 45 days after the department determines that the application is complete.

125,79 Section 79. 560.205 (3) (c) of the statutes is repealed.

125,80 Section 80. 560.29 (3) of the statutes is created to read:

560.29 (3) Department reporting requirements. The department shall include in the report required under s. 560.01 (2) (am) all of the following:

(a) The total amount of certified capital investments made, by calendar year, since July 1, 1999.

(b) Statistical information on the qualified investments made by certified capital companies during the previous 2 calendar years.

(c) The department's assessment of the number of jobs created in this state during the previous 2 calendar years as a result of qualified investments made by certified capital companies under this section.

125,81 Section 81. 560.42 (5) of the statutes is repealed.

125,82 Section 82. 560.52 of the statutes is repealed.

125,83 Section 83. 560.55 of the statutes is repealed.

125,84 Section 84. 560.607 (2) of the statutes is repealed.

125,85 Section 85. Subchapter VII (title) of chapter 560 [precedes 560.80] of the statutes is amended to read:

CHAPTER 560

SUBCHAPTER VII
MINORITY BUSINESS EARLY PLANNING AND DEVELOPMENT PROJECTS
grants and loans

125,86 Section 86. 560.80 (3m) of the statutes is amended to read:

560.80 (3m) "Education and training project" means a business education and training program for minority group members and minority businesses that have received loans for working capital from an eligible recipient under s. 560.837 (1) (b) 560.82 (1m) (e).

125,87 Section 87. 560.80 (4) of the statutes is amended to read:

560.80 (4) "Eligible development project costs" means costs that, in accordance with sound business and financial practices, are appropriately incurred in connection with a development project, but does not include entertainment expenses or expenses incurred more than 6 months before the board approves a grant or loan under s. 560.83 560.82 (1m) (b).

125,88 Section 88. 560.80 (5) of the statutes is renumbered 560.80 (5) (intro.) and amended to read:

560.80 (5) (intro.) "Eligible recipient" means a person who is eligible to receive a grant under s. 560.82 (5) (a) or 560.837 or a grant or loan under s. 560.83 (5) (a) or (b). any of the following:

125,89 Section 89. 560.80 (5) (a) and (b) of the statutes are created to read:

560.80 (5) (a) An individual who is a minority group member and a resident of this state.

(b) A minority business.

125,90 Section 90. 560.80 (5) (c) of the statutes is created to read:

560.80 (5) (c) A person who is eligible to receive a grant under s. 560.82 (1m) (d) or (e).

125,91 Section 91. 560.80 (5m) of the statutes is amended to read:

560.80 (5m) "Finance project" means financial assistance to a minority group member or a minority business described in s. 560.837 560.82 (1m) (d) and (e).

125,92 Section 92. 560.81 (title) of the statutes is repealed.

125,93 Section 93. 560.81 (intro.) of the statutes is renumbered 560.82 (1g) and amended to read:

560.82 (1g) The department shall make a grant or loan to an eligible recipient or local development corporation under this subchapter section if any of the following apply: the board awards a grant or loan to the eligible recipient or local development corporation under sub. (1m).