AB100-ASA1, s. 4353m 6Section 4353m. 560.14 (1) (fm) of the statutes is created to read:
AB100-ASA1,1704,87 560.14 (1) (fm) "Small business" means a business that has fewer than 100
8full-time employes.
AB100-ASA1, s. 2970 9Section 2970. 560.14 (2) (a) 1. of the statutes is amended to read:
AB100-ASA1,1704,1310 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
.
AB100-ASA1, s. 2971 14Section 2971. 560.14 (2) (c) (intro.) of the statutes is renumbered 560.14 (2)
15(c) and amended to read:
AB100-ASA1,1704,1716 560.14 (2) (c) An individual grant under this subsection may not exceed
17whichever of the following applies: $30,000.
AB100-ASA1, s. 2972 18Section 2972. 560.14 (2) (c) 1. of the statutes is repealed.
AB100-ASA1, s. 2973 19Section 2973. 560.14 (2) (c) 2. of the statutes is repealed.
AB100-ASA1, s. 4357m 20Section 4357m. 560.14 (3m) of the statutes is created to read:
AB100-ASA1,1704,2421 560.14 (3m) The department may make a grant from the appropriation under
22s. 20.143 (1) (fg) to a community-based organization for the purpose of creating a
23revolving loan fund for making loans to small businesses. The department shall
24promulgate rules for the administration of the program under this subsection.
AB100-ASA1, s. 4357r 25Section 4357r. 560.14 (3r) of the statutes is created to read:
AB100-ASA1,1705,4
1560.14 (3r) (a) The department may make a grant from the appropriation
2under s. 20.143 (1) (fg) to a private, nonprofit foundation, including the National
3Foundation for Teaching Entrepreneurship to Handicapped and Disadvantaged
4Youth, or other private, nonprofit organizations if all of the following apply:
AB100-ASA1,1705,65 1. The foundation or organization teaches business skills to economically
6disadvantaged or socially at-risk children.
AB100-ASA1,1705,97 2. The grant proceeds will be used for costs associated with teaching the skills
8and developing the knowledge necessary to start and maintain a business
9enterprise.
AB100-ASA1,1705,1110 (b) The department shall promulgate rules for the administration of the
11program under this subsection.
AB100-ASA1, s. 2974 12Section 2974. 560.14 (4m) of the statutes is created to read:
AB100-ASA1,1705,1613 560.14 (4m) (a) Subject to par. (b), the department may make a grant under
14this subsection from the appropriation under s. 20.143 (1) (fg) to a community-based
15organization or private nonprofit organization for a venture capital development
16conference if all of the following apply:
AB100-ASA1,1705,1817 1. The conference will assist entrepreneurs or businesses in the state in
18obtaining capital for the start-up or development of a business.
AB100-ASA1,1705,2019 2. The conference will likely stimulate investment, promote economic
20development or create or retain jobs in the state.
AB100-ASA1,1705,2521 3. The grant applicant submits a plan that describes the proposed activity, how
22the activity satisfies the criteria under this paragraph, how the grant will be
23administered, how the grant proceeds will be used to support the activity and how
24the activity will be coordinated with other venture capital development conferences
25or programs, including any conferences or programs of the department.
AB100-ASA1,1706,1
14. The secretary approves the plan under subd. 3.
AB100-ASA1,1706,32 5. The grant applicant funds at least 50% of the total cost of the conference by
3providing cash or in-kind contributions.
AB100-ASA1,1706,54 (b) The department may not award more than $75,000 in grants under this
5subsection in any fiscal year.
AB100-ASA1, s. 2975 6Section 2975. 560.14 (5) (b) of the statutes is amended to read:
AB100-ASA1,1706,87 560.14 (5) (b) Promulgate Subject to par. (d), promulgate rules to develop
8criteria for evaluating applications for grants under this section.
AB100-ASA1, s. 4359m 9Section 4359m. 560.14 (5) (c) of the statutes is amended to read:
AB100-ASA1,1706,1110 560.14 (5) (c) Consistent with subs. (2), (3) and (4) to (4m), award grants under
11this section on a competitive basis, using the criteria developed under par. (b).
AB100-ASA1, s. 2976 12Section 2976. 560.14 (5) (d) of the statutes is created to read:
AB100-ASA1,1706,1413 560.14 (5) (d) Give priority for grants under this section for projects related to
14brownfields redevelopment.
AB100-ASA1, s. 2977 15Section 2977. 560.16 (title) of the statutes is amended to read:
AB100-ASA1,1706,16 16560.16 (title) Employe ownership assistance loans grants.
AB100-ASA1, s. 2978 17Section 2978. 560.16 (1) (b) of the statutes is amended to read:
AB100-ASA1,1706,1918 560.16 (1) (b) "Business" means an employe-owned business or an existing
19business which is the subject of an application for a loan grant under this section.
AB100-ASA1, s. 2979 20Section 2979. 560.16 (2) (title) of the statutes is amended to read:
AB100-ASA1,1706,2121 560.16 (2) (title) Employe ownership assistance loans grants .
AB100-ASA1, s. 2980 22Section 2980. 560.16 (2) (a) of the statutes is amended to read:
AB100-ASA1,1707,223 560.16 (2) (a) From the appropriations under s. 20.143 (1) (c) and (ie), the
24department may make loans grants to existing business groups for a feasibility study

1to investigate the reorganization or new incorporation of an existing business as an
2employe-owned business and for professional services to implement the study.
AB100-ASA1, s. 2981 3Section 2981. 560.16 (2) (b) of the statutes is amended to read:
AB100-ASA1,1707,64 560.16 (2) (b) The department may not make a loan grant under this section
5unless the board has approved the loan grant under this section or requested the
6department to make the grant under s. 560.61 (3)
.
AB100-ASA1, s. 2982 7Section 2982. 560.16 (2) (c) (intro.) of the statutes is amended to read:
AB100-ASA1,1707,98 560.16 (2) (c) (intro.) The board may not approve a loan grant under this section
9unless the board has considered all of the following:
AB100-ASA1, s. 2983 10Section 2983. 560.16 (2) (d) of the statutes is amended to read:
AB100-ASA1,1707,1311 560.16 (2) (d) The board may approve a loan grant regardless of the number
12of employes laid off or to be laid off by the business or, if the business is closed, the
13length of time that it has been closed.
AB100-ASA1, s. 2984 14Section 2984. 560.16 (3) (intro.) of the statutes is amended to read:
AB100-ASA1,1707,1715 560.16 (3) (title) Loan Grant applications. (intro.) To apply for a loan grant
16under this section, a group shall submit an application to the department which
17includes:
AB100-ASA1, s. 2985 18Section 2985. 560.16 (3) (e) of the statutes is amended to read:
AB100-ASA1,1707,2119 560.16 (3) (e) A description of the group's financial assets available to match
20the loan grant and a statement indicating the group's willingness to match the loan
21grant.
AB100-ASA1, s. 2986 22Section 2986. 560.16 (3) (f) of the statutes is amended to read:
AB100-ASA1,1707,2523 560.16 (3) (f) A written commitment from a person with the recognized
24expertise and experience necessary to conduct the feasibility study or provide the
25professional services to be financed by the loan grant.
AB100-ASA1, s. 2987
1Section 2987. 560.16 (4) (title) of the statutes is amended to read:
AB100-ASA1,1708,22 560.16 (4) (title) Loan Grant limits; contract approval.
AB100-ASA1, s. 2988 3Section 2988. 560.16 (4) (a) of the statutes is amended to read:
AB100-ASA1,1708,64 560.16 (4) (a) A loan grant to a group under this section may not exceed $25,000
5unless the joint committee on finance, under s. 13.101 (5m), approves a specified
6amount exceeding $25,000
$15,000.
AB100-ASA1, s. 2989 7Section 2989. 560.16 (4) (b) of the statutes is amended to read:
AB100-ASA1,1708,128 560.16 (4) (b) As a condition of approval of a loan grant to a group under this
9section, the board shall require that the group provide matching funds for at least
1025% of the cost of the project, except that the board may waive application of that
11requirement if the board determines that the group is subject to extreme financial
12hardship.
AB100-ASA1, s. 2990 13Section 2990. 560.16 (4) (c) of the statutes is amended to read:
AB100-ASA1,1708,1914 560.16 (4) (c) Any contract for any feasibility study or professional services
15financed by a loan grant under sub. (2) (a) shall be subject to the approval of the board
16department. The board department may not approve such a contract unless it
17determines that the contractor has the expertise required to provide the necessary
18study or services and that the contractor's costs are consistent with existing market
19rates.
AB100-ASA1, s. 2991 20Section 2991. 560.16 (5) of the statutes is repealed.
AB100-ASA1, s. 2992 21Section 2992. 560.16 (6) (a) (intro.) of the statutes is amended to read:
AB100-ASA1,1708,2322 560.16 (6) (a) (intro.) Any feasibility study of an existing business financed by
23a loan grant under sub. (2) (a) shall may include:
AB100-ASA1, s. 2993 24Section 2993. 560.16 (6) (b) of the statutes is amended to read:
AB100-ASA1,1709,7
1560.16 (6) (b) The results of a feasibility study of an existing business financed
2by a loan grant under sub. (2) (a) shall be solely for the use of the group which received
3the loan grant, except that if the group's bid to purchase the business has been
4withdrawn, rejected or terminated, the group shall submit a copy of the study and
5the results of any professional services financed by the loan grant to the board and
6the board may provide a copy of such results to any person seeking to purchase the
7existing business.
AB100-ASA1, s. 2994 8Section 2994. 560.165 of the statutes is created to read:
AB100-ASA1,1709,13 9560.165 Division of international and export development; fees. The
10division of international and export development may charge fees for services it
11provides to cover the costs incurred by the division in providing the services. The
12division shall deposit all fees collected under this section in the appropriation
13account under s. 20.143 (1) (g).
AB100-ASA1, s. 2995 14Section 2995. 560.17 (1) (am) of the statutes is created to read:
AB100-ASA1,1709,1515 560.17 (1) (am) "Brownfields" has the meaning given in s. 560.60 (1v).
AB100-ASA1, s. 2996 16Section 2996. 560.17 (1) (bm) of the statutes is created to read:
AB100-ASA1,1709,1717 560.17 (1) (bm) "Job" has the meaning given in s. 560.60 (10).
AB100-ASA1, s. 2997 18Section 2997. 560.17 (1) (d) 2. of the statutes is amended to read:
AB100-ASA1,1709,1919 560.17 (1) (d) 2. A city, town or village with a population of 4,000 6,000 or less.
AB100-ASA1, s. 4383n 20Section 4383n. 560.17 (2) (b) of the statutes is amended to read:
AB100-ASA1,1709,2421 560.17 (2) (b) The department shall make the grant or loan, except for a grant
22under sub. (5c),
from the appropriation under s. 20.143 (1) (er) or (ir). The
23department shall make a grant under sub. (5c) from the appropriation under s.
2420.143 (1) (g)
.
AB100-ASA1, s. 2998 25Section 2998. 560.17 (3) (intro.) of the statutes is amended to read:
AB100-ASA1,1710,2
1560.17 (3) (intro.) The Subject to sub. (4m), the board may award a grant or loan
2under this subsection to a business if all of the following apply:
AB100-ASA1, s. 2999 3Section 2999. 560.17 (3) (a) of the statutes is amended to read:
AB100-ASA1,1710,44 560.17 (3) (a) The amount of the grant or loan does not exceed $30,000 $15,000.
AB100-ASA1, s. 3000 5Section 3000. 560.17 (3) (b) of the statutes is amended to read:
AB100-ASA1,1710,76 560.17 (3) (b) The business, together with any affiliate, subsidiary or parent
7entity, has fewer than 25 50 employes.
AB100-ASA1, s. 3001 8Section 3001. 560.17 (3) (e) of the statutes is amended to read:
AB100-ASA1,1710,109 560.17 (3) (e) The proceeds of the grant or loan will be used by the business as
10provided in sub. (5).
AB100-ASA1, s. 3002 11Section 3002. 560.17 (4) (c) of the statutes is amended to read:
AB100-ASA1,1710,1312 560.17 (4) (c) The number of new jobs created by the business in relation to the
13amount of the grant or loan.
AB100-ASA1, s. 3003 14Section 3003. 560.17 (4) (cm) of the statutes is created to read:
AB100-ASA1,1710,1715 560.17 (4) (cm) In relation to the amount of the grant, the number of existing
16jobs that will be retained by the business if the grant is awarded and that likely would
17not be retained if the grant is not awarded.
AB100-ASA1, s. 3004 18Section 3004. 560.17 (4) (f) of the statutes is amended to read:
AB100-ASA1,1710,2019 560.17 (4) (f) Whether the business would be able to start or expand its
20operations without a grant or loan.
AB100-ASA1, s. 3005 21Section 3005. 560.17 (4m) of the statutes is created to read:
AB100-ASA1,1711,222 560.17 (4m) Of the total amount awarded in grants in a fiscal biennium under
23sub. (3), the board shall award not less than 25% and not more than 50% for purposes
24related to an agricultural business. The board shall give priority under this

1subsection for grants that will be used for purposes related to a dairy farm, as defined
2in s. 97.22 (1) (a).
AB100-ASA1, s. 3006 3Section 3006. 560.17 (5) (intro.) of the statutes is amended to read:
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