CHAPTER 238
WISCONSIN ECONOMIC DEVELOPMENT CORPORATION
SUBCHAPTER I
GENERAL PROVISIONS
238.02 Creation and organization of corporation.
238.05 Department of commerce assistance and coordination.
238.06 Liability limited.
238.07 Submission of annual reports to legislature.
238.08 Records of the corporation.
238.10 Allocation of volume cap on tax-exempt bonds.
238.11 Employment impact estimates.
238.12 Repayment of grants, loans, and tax benefits.
238.125 Notification of position openings; compliance.
238.127 State main street program.
238.13 Brownfields grant program.
238.133 Brownfield site assessment grants.
238.135 Grants to regional economic development organizations.
238.145 Wisconsin-source assets exclusion; business certification.
238.146 Long-term Wisconsin capital assets deferral; business certification.
238.15 Early stage business investment program.
238.20 Qualified new business ventures.
238.25 Assistance to loan recipients.
238.26 Report to investment board.
SUBCHAPTER II
TAX INCENTIVES FOR BUSINESS DEVELOPMENT
238.301 Certification for tax benefits.
238.302 Eligible activities.
238.303 Limits on tax benefits and claiming tax benefits.
238.304 Eligible activities in economically distressed areas and benefiting members of targeted groups.
238.305 Revocation of certification.
238.306 Responsibilities of the corporation.
238.31 Designation of development zone.
238.315 Invitation to nominate area.
238.32 Application by local governing bodies.
238.325 Evaluation by corporation.
238.335 Boundaries and size of development zones.
238.34 Change in boundary and size of development zones.
238.345 Duration, renewal and expiration.
238.35 Additional duties of the corporation.
238.363 Duties of local governing bodies.
238.365 Certification for tax benefits.
238.368 Limits on tax benefit to certified person.
238.37 Revocation of certification.
238.38 Certification prohibited in certain cases.
238.385 Rules on eligibility for tax benefits.
238.395 Development opportunity zones.
238.397 Enterprise development zone program.
238.398 Agricultural development zone.
238.3995 Airport development zones.
GENERAL PROVISIONS
238.01
238.01
Definitions. In this chapter, except as otherwise provided:
238.01(1)
(1) "Board" means the board of directors of the corporation.
238.01(2)
(2) "Corporation" means the Wisconsin Economic Development Corporation.
238.01(3)
(3) "Economic development program" means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs.
238.01 History
History: 2011 a. 7.
238.02
238.02
Creation and organization of corporation. 238.02(1)(1) There is created an authority, which is a public body corporate and politic, to be known as the "Wisconsin Economic Development Corporation." The members of the board shall consist of the governor, who shall serve as chairperson of the board, and 6 members nominated by the governor, and with the advice and consent of the senate appointed, to serve at the pleasure of the governor; 3 members appointed by the speaker of the assembly, consisting of one majority and one minority party representative to the assembly, appointed as are the members of standing committees in the assembly, and one person employed in the private sector, to serve at the speaker's pleasure; and 3 members appointed by the senate majority leader, consisting of one majority and one minority party senator, appointed as are members of standing committees in the senate, and one person employed in the private sector, to serve at the majority leader's pleasure. The secretary of administration and the secretary of revenue shall also serve on the board as nonvoting members.
238.02(2)
(2) A majority of the voting members of the board constitutes a quorum for the purpose of conducting its business and exercising its powers and for all other purposes, notwithstanding the existence of any vacancies. Action may be taken by the board upon a vote of a majority of the voting members present.
238.02(3)
(3) A chief executive officer shall be nominated by the governor, and with the advice and consent of the senate appointed, to serve at the pleasure of the governor. The board may delegate to the chief executive officer any powers and duties the board considers proper. The chief executive officer shall receive such compensation as may be determined by the board.
238.02(4)
(4) All powers and duties assigned to the corporation under this chapter shall be exercised or carried out by the board, unless the board delegates the power or duty to an employee of the corporation.
238.02 History
History: 2011 a. 7,
32.
238.03
238.03
Duties of board. 238.03(1)(1) The board shall develop and implement economic programs to provide business support and expertise and financial assistance to companies that are investing and creating jobs in Wisconsin and to support new business start-ups and business expansion and growth in Wisconsin. The board may also develop and implement any other programs related to economic development in Wisconsin.
