SB434, s. 39
19Section
39. 560.01 (2) (ae) of the statutes is created to read:
SB434,25,2220
560.01
(2) (ae)
Goals and accountability measures for economic development
21programs. The department shall do all of the following for each economic
22development program administered by the department:
SB434,25,2423
1. Establish clear and measurable goals for the program that are tied to
24statutory policy objectives.
SB434,26,2
12. Establish at least one quantifiable benchmark for each program goal
2described in subd. 1.
SB434,26,63
3. Require that each recipient of a grant or loan under the program submit a
4report to the department. Each contract with a recipient of a grant or loan under the
5program shall specify the frequency and format of the report to be submitted to the
6department and the performance measures to be included in the report.
SB434,26,97
4. Establish a method for evaluating the projected results of the program with
8actual outcomes as determined by evaluating the information described in subds. 1.
9and 2.
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5. Annually and independently verify, from a sample of grants and loans, the
11accuracy of the information required to be reported under subd. 3.
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6. Establish by rule a requirement that the recipient of a grant or loan under
13the program of at least $100,000 submit to the department a verified statement
14signed by both an independent certified public accountant licensed or certified under
15ch. 442 and the director or principal officer of the recipient to attest to the accuracy
16of the verified statement, and make available for inspection the documents
17supporting the verified statement. The department shall include the requirement
18established by rule under this subdivision in the contract entered into by a grant or
19loan recipient.
SB434,26,2420
7. Establish by rule policies and procedures permitting the department to do
21all of the following if a recipient of a grant or loan or tax benefits under the program
22submits false or misleading information to the department or fails to comply with the
23terms of a contract entered into with the department under the program and fails to
24provide to the satisfaction of the department an explanation for the noncompliance:
SB434,26,2525
a. Recoup payments made to the recipient.
SB434,27,1
1b. Withhold payments to be made to the recipient.
SB434,27,22
c. Impose a fine or penalty on the recipient.
SB434, s. 40
3Section
40. 560.01 (2) (am) of the statutes is created to read:
SB434,27,104
560.01
(2) (am)
Economic development assistance reporting. Annually, no later
5than October 1, the department shall submit to the joint legislative audit committee
6and to the appropriate standing committees of the legislature under s. 13.172 (3) a
7comprehensive report assessing economic development programs administered by
8the department. The department shall make readily accessible to the public on an
9Internet-based system the information required under this paragraph. The report
10shall include all of the following information:
SB434,27,1111
1. A description of each program.
SB434,27,1312
2. Quantifiable performance measures directly related to the purpose of the
13program including, when applicable, all of the following information:
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a. An accounting of the location, by municipality, of each job created or retained
15in the state in the previous fiscal year as a result of the program.
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b. An accounting of the industry classification, by municipality, of each job
17created or retained in the state in the previous fiscal year as a result of the program.
SB434,27,1818
3. A comparison of expected and actual program outcomes.
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4. The number of grants made under the program in the previous fiscal year.
SB434,27,2020
5. The number of loans made under the program in the previous fiscal year.
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6. The amount of each grant and loan made under the program in the previous
22fiscal year.
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7. The recipient of each grant or loan made under the program in the previous
24fiscal year.
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18. The sum total of all grants and loans awarded to and received by each
2recipient under the program in the previous fiscal year.
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9. Any recommended changes to the program.
SB434, s. 41
4Section
41. 560.01 (2) (as) of the statutes is created to read:
SB434,28,105
560.01
(2) (as)
Coordination of economic development program goals and
6accountability measures; annual reporting requirements. 1. The department of
7commerce shall coordinate the development of programmatic goals and
8accountability measures as required under ss. 23.167, 36.09 (1) (am), 38.04 (1m),
941.11 (1g), 84.01 (6m), 93.07 (18), and 234.032 to ensure that the goals and measures
10are adequate, compatible, and effective.
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2. The department of commerce shall collaborate with the department of
12natural resources, the Board of Regents of the University of Wisconsin System, the
13technical college system board, the department of tourism, the department of
14transportation, the department of agriculture, trade, and consumer protection, and
15the Wisconsin housing and economic development authority to facilitate the
16reporting required under ss. 23.169, 36.11 (29r), 38.04 (10m), 41.11 (1r), 84.01 (11m),
1793.07 (20), and 234.255.
SB434, s. 42
18Section
42. 560.03 (15) of the statutes is repealed.
SB434, s. 43
19Section
43. 560.038 of the statutes is repealed.
SB434, s. 44
20Section
44. 560.039 of the statutes is repealed.
SB434, s. 45
21Section
45. 560.07 (3) (b) of the statutes is renumbered 560.07 (8) (intro.) and
22amended to read:
SB434,29,523
560.07
(8) (intro.) Contract with Forward Wisconsin, Inc., if the secretary
24determines it appropriate, to pay Forward Wisconsin, Inc., an amount not to exceed
25the amount appropriated under s. 20.143 (1) (bm), to establish and implement a
1nationwide business development promotion campaign to attract persons interested
2in locating new enterprises in this state, and to encourage the retention and
3expansion of businesses and jobs in this state. Funds may be expended to carry out
4the contract only as provided in s. 16.501.
The department shall establish all of the
5following for the nationwide business development promotion campaign:
SB434, s. 46
6Section
46. 560.07 (8) (a) of the statutes is created to read:
SB434,29,77
560.07
(8) (a) Clear and measurable goals tied to statutory policy objectives.
SB434, s. 47
8Section
47. 560.07 (8) (b) of the statutes is created to read:
SB434,29,109
560.07
(8) (b) At least one quantifiable performance measure for each goal
10described in par. (a).
SB434, s. 48
11Section
48. 560.07 (8) (c) of the statutes is created to read:
SB434,29,1312
560.07
(8) (c) A method for evaluating the projected results with actual
13outcomes as determined by evaluating the information described in pars. (a) and (b).
SB434, s. 49
14Section
49. 560.07 (9) of the statutes is amended to read:
SB434,29,2215
560.07
(9) On or before July 1, 1985, and every July 1 thereafter, submit to the
16chief clerk of each house of the legislature, for distribution to the appropriate
17standing committees under s. 13.172 (3), a Include in the report
stating the net jobs
18gain due to required under s. 560.01 (2) (am) an assessment of the nationwide
19business development promotion activities conducted by Forward Wisconsin, Inc.,
20with the funds provided to Forward Wisconsin, Inc., under s. 20.143 (1) (bm).
The
21assessment shall address the goals and performance measures established pursuant
22to sub. (3) (b).
SB434, s. 50
23Section
50. 560.10 of the statutes is repealed.
SB434, s. 51
24Section
51. 560.11 (1) (b) of the statutes is repealed.
SB434, s. 52
25Section
52. 560.13 (7) of the statutes is repealed.
SB434, s. 53
1Section
53. 560.137 (1) (a) of the statutes is repealed.
SB434, s. 54
2Section
54. 560.137 (1) (b) of the statutes is renumbered 560.138 (1) (at).
SB434, s. 55
3Section
55. 560.137 (1) (c) of the statutes is repealed.
SB434, s. 56
4Section
56. 560.137 (2) (a) (intro.) of the statutes is repealed.
SB434, s. 57
5Section
57. 560.137 (2) (a) 1. of the statutes is renumbered 560.138 (2m) (a).
SB434, s. 58
6Section
58. 560.137 (2) (a) 2. of the statutes is renumbered 560.138 (2m) (b).
SB434, s. 59
7Section
59. 560.137 (2) (bm) of the statutes is repealed.
SB434, s. 60
8Section
60. 560.137 (2) (c) of the statutes is repealed.
SB434, s. 61
9Section
61. 560.137 (2) (d) of the statutes is repealed.
SB434, s. 62
10Section
62. 560.137 (2) (e) of the statutes is repealed.
SB434, s. 63
11Section
63. 560.137 (2) (f) of the statutes is repealed.
SB434, s. 64
12Section
64. 560.137 (3m) of the statutes is renumbered 560.139 (3).
SB434, s. 65
13Section
65. 560.138 (2m) (intro.) of the statutes is created to read:
SB434,30,1714
560.138
(2m) (intro.) Subject to subs. (3) and (4), from the appropriations under
15s. 20.143 (1) (ig) and (kj), the department may do all of the following for the purpose
16of improving the profitability of a qualified business that has been negatively
17impacted by the existence of a casino:
SB434, s. 66
18Section
66. 560.138 (3) of the statutes is amended to read:
SB434,30,2319
560.138
(3) As a condition of approval of a grant or loan under this section, the
20department shall require that a qualified business provide matching funds for at
21least 25% of the cost of a project.
The department may waive the requirement under
22this subsection if the department determines that the qualified business is subject
23to extreme financial hardship.
SB434, s. 67
24Section
67. 560.138 (5) of the statutes is renumbered 560.138 (5) (a).
SB434, s. 68
25Section
68. 560.138 (5) (b) of the statutes is created to read:
SB434,31,2
1560.138
(5) (b) The department may forgive all or any part of a loan made under
2this section.
SB434, s. 69
3Section
69. 560.139 (3) (title) of the statutes is created to read:
SB434,31,44
560.139
(3) (title)
Grants and loans for Oneida small businesses.
SB434, s. 70
5Section
70. 560.14 (3) (c) 8. of the statutes is amended to read:
SB434,31,96
560.14
(3) (c) 8. Whether the business incubator or technology-based incubator
7is or will be located in an area that has been designated as a
development zone under 8s. 560.71, a development opportunity zone under s. 560.795
or an enterprise
9development zone under s. 560.797.
SB434, s. 71
10Section
71. 560.14 (3m) of the statutes is repealed.
SB434, s. 72
11Section
72. 560.155 (2) (b) 3. of the statutes is repealed.
SB434, s. 73
12Section
73. 560.155 (4) of the statutes is repealed.
SB434, s. 74
13Section
74. 560.155 (5) of the statutes is created to read:
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560.155
(5) In deciding whether to award a grant under this section, the
15department may not consider any factor or characteristic of the business other than
16the criteria established under subs. (1) and (2).
SB434, s. 75
17Section
75. 560.17 (5r) of the statutes is repealed.
SB434, s. 76
18Section
76. 560.17 (6m) (a) of the statutes is renumbered 560.17 (6m) and
19amended to read:
SB434,31,2220
560.17
(6m) Except as provided in par. (b), in order to To receive a grant or loan
21under this section a person or business shall contribute cash, from a source other
22than the state, in an amount that equals at least 25% of the total cost of the project.
SB434, s. 77
23Section
77. 560.17 (6m) (b) of the statutes is repealed.
SB434, s. 78
24Section
78. 560.17 (7) (a) of the statutes is amended to read:
SB434,32,7
1560.17
(7) (a) Except as provided in par. (am), the department shall designate
2staff to evaluate applications for grants or loans and assist the board under this
3section. The board shall act on an application for a grant or loan at its next regularly
4scheduled meeting after the department determines that the application is complete
,
5except that the board shall act on an application for a loan under sub. (5r) and advise
6the applicant of its decision within 45 days after the department determines that the
7application is complete.
SB434, s. 79
8Section
79. 560.205 (3) (c) of the statutes is repealed.
SB434, s. 80
9Section
80. 560.29 (3) of the statutes is created to read:
SB434,32,1110
560.29
(3) Department reporting requirements. The department shall
11include in the report required under s. 560.01 (2) (am) all of the following:
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(a) The total amount of certified capital investments made, by calendar year,
13since July 1, 1999.
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(b) Statistical information on the qualified investments made by certified
15capital companies during the previous 2 calendar years.
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(c) The department's assessment of the number of jobs created in this state
17during the previous 2 calendar years as a result of qualified investments made by
18certified capital companies under this section.
SB434, s. 81
19Section
81. 560.42 (5) of the statutes is repealed.
SB434, s. 82
20Section
82. 560.52 of the statutes is repealed.
SB434, s. 83
21Section
83. 560.55 of the statutes is repealed.
SB434, s. 84
22Section
84. 560.607 (2) of the statutes is repealed.
SB434, s. 85
23Section
85. Subchapter VII (title) of chapter 560 [precedes 560.80] of the
24statutes is amended to read: