LRBa2012/1
MPG:cdc&amn
2017 - 2018 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO ASSEMBLY BILL 912
February 9, 2018 - Offered by Representative Tranel.
AB912-AA1,1,11 At the locations indicated, amend the bill as follows:
AB912-AA1,1,2 21. Page 4, line 19: after that line insert:
AB912-AA1,1,4 3(3m) Rural economic development grants. From the appropriation under s.
420.192 (1) (bm), the corporation shall do the following:
AB912-AA1,1,85 (a) Award a onetime grant of $250,000 to each rural county and to each regional
6economic development organization that serves a rural county. A rural county or
7regional economic development organization receiving a grant under this paragraph
8shall do all of the following:
AB912-AA1,1,119 1. Expend the grant moneys only for the purpose of creating or expanding a
10revolving loan fund that promotes economic development and entrepreneurial
11start-ups in the rural county.
AB912-AA1,2,3
12. Ensure that any revolving loan fund that is funded by the grant is
2administered by personnel qualified by education or experience to manage a
3revolving loan fund.
AB912-AA1,2,64 (b) Award a grant of up to $50,000 per fiscal year to each county economic
5development organization and each regional economic development organization
6that serves a rural county, subject to all of the following:
AB912-AA1,2,97 1. A county or regional economic development organization receiving a grant
8under this paragraph shall expend the grant moneys only for the purpose of program
9operations and marketing within the rural county served by the organization.
AB912-AA1,2,1310 2. A county or regional economic development organization receiving a grant
11under this paragraph shall submit an annual report to the Wisconsin Economic
12Development Corporation concerning the organization's use of all grant moneys. The
13report shall include all of the following:
AB912-AA1,2,1514 a. A description and estimate of the number of all jobs created or retained as
15a result of the grant.
AB912-AA1,2,1716 b. A description and estimate of the number of all entrepreneurial ventures
17created as a result of the grant.
AB912-AA1,2,1918 c. A description and estimate of the number of all out-of-state direct
19investments occurring as a result of the grant.
AB912-AA1,2,2120 d. A description and estimate of the number of businesses retained or expanded
21as a result of the grant.
AB912-AA1,2,2222 e. A description of all marketing efforts undertaken as a result of the grant.
AB912-AA1,3,223 3. A rural county served by a county or regional economic development
24organization receiving a grant under this paragraph may not reduce its aid to the

1county or regional economic development organization based solely on the
2organization's receipt of a grant under this paragraph.
AB912-AA1,3,53 (c) Award a grant of up to $250,000 per project to each municipality in a rural
4county for infrastructure projects undertaken for business parks and new housing
5construction within the rural county.”.
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