AB100-engrossed,1978,2424
2. A nonprofit corporation organized under ch. 181 that does all of the following:
AB100-engrossed,1978,2525
a. Operates within specific geographic boundaries.
AB100-engrossed,1979,1
1b. Promotes the economic development within the specific geographic area.
AB100-engrossed,1979,22
(f) "Mining" means metallic mineral mining.
AB100-engrossed,1979,5
3(2) Subject to subs. (3) and (4), the board may award a grant or loan for the
4purpose specified to any of the following entities located in an area affected by
5mining:
AB100-engrossed,1979,76
(a) A business, to finance costs associated with start-up, maintenance or
7expansion in an area affected by mining.
AB100-engrossed,1979,88
(b) A city, village, town or county, to develop an economic diversification plan.
AB100-engrossed,1979,119
(c) A city, village, town, county, community-based organization or local
10development corporation, to establish a local revolving loan fund to finance
11businesses that will create long-term employment opportunities.
AB100-engrossed,1979,1412
(d) A community-based organization or local development corporation, to
13conduct a local economic development project that will create long-term employment
14opportunities and to provide assistance to businesses or entrepreneurs.
AB100-engrossed,1979,1815
(e) A business, to obtain professional services related to the start-up,
16maintenance or expansion of the business, including assistance with feasibility
17studies or financial and marketing plans and managerial assistance after start-up
18or expansion.
AB100-engrossed,1979,20
19(3) The board may not award a grant or loan under sub. (2) if the proceeds will
20be used to establish or expand a business that is solely dependent on mining activity.
AB100-engrossed,1979,22
21(4) (a) The board may not award a grant or loan under sub. (2) (a), (b) or (d) that
22exceeds $100,000.
AB100-engrossed,1979,2423
(b) The board may not award a grant or loan under sub. (2) (c) that exceeds
24$200,000.
AB100-engrossed,1980,2
1(c) The board may not award a grant or loan under sub. (2) (e) that exceeds
2$15,000.
AB100-engrossed,1980,4
3(5) In awarding grants and loans under sub. (2), the board shall consider all
4of the following:
AB100-engrossed,1980,55
(a) The factors under s. 560.605 (2) (a) to (e).
AB100-engrossed,1980,76
(b) Whether the project will be located in a targeted area, as determined by the
7board after considering the factors under s. 560.605 (2m) (a) to (h).
AB100-engrossed,1980,108
(c) The extent to which the business or other entity assisted by the project is
9likely to provide stable, long-term employment opportunities to reduce the
10dependence of the area on mining.
AB100-engrossed,1980,12
11(6) From the appropriations under s. 20.143 (1) (if) and (r), the department
12shall make grants and loans awarded by the board under sub. (2).
AB100-engrossed,1980,18
13(7) The department, with the approval of the board, shall promulgate rules
14establishing policies and standards for awarding grants and loans under sub. (2),
15consistent with policies and standards established under the rules required under
16s. 560.602. The department shall promulgate rules regarding the application
17processes for grants and loans under sub. (2) and for loans made from revolving loan
18funds established with proceeds awarded under sub. (2) (c).
AB100-engrossed,1980,2020
560.14
(1) (ar) "Brownfields" has the meaning given in s. 560.60 (1v).
AB100-engrossed,1980,2322
560.14
(1) (fm) "Small business" means a business that has fewer than 100
23full-time employes.
AB100-engrossed,1981,4
1560.14
(2) (a) 1. Enable a
community-based organization or a political
2subdivision receiving a grant to develop a plan for diversifying
its the local or
3regional economy
, attracting new businesses and jobs and promoting economic
4development.
AB100-engrossed, s. 4355
5Section
4355. 560.14 (2) (c) (intro.) of the statutes is renumbered 560.14 (2)
6(c) and amended to read:
AB100-engrossed,1981,87
560.14
(2) (c) An individual grant under this subsection may not exceed
8whichever of the following applies: $30,000.
AB100-engrossed,1981,1512
560.14
(3m) The department may make a grant from the appropriation under
13s. 20.143 (1) (fg) to a community-based organization for the purpose of creating a
14revolving loan fund for making loans to small businesses. The department shall
15promulgate rules for the administration of the program under this subsection.
AB100-engrossed,1981,2017
560.14
(3r) (a)
The department may make a grant from the appropriation
18under s. 20.143 (1) (fg) to a private, nonprofit foundation, including the National
19Foundation for Teaching Entrepreneurship to Handicapped and Disadvantaged
20Youth, or other private, nonprofit organizations if all of the following apply:
AB100-engrossed,1981,2221
1. The foundation or organization teaches business skills to economically
22disadvantaged or socially at-risk children.
AB100-engrossed,1981,2523
2. The grant proceeds will be used for costs associated with teaching the skills
24and developing the knowledge necessary to start and maintain a business
25enterprise.
AB100-engrossed,1982,2
1(b) The department shall promulgate rules for the administration of the
2program under this subsection.
AB100-engrossed,1982,74
560.14
(4m) (a) Subject to par. (b), the department may make a grant under
5this subsection from the appropriation under s. 20.143 (1) (fg) to a community-based
6organization or private nonprofit organization for a venture capital development
7conference if all of the following apply:
AB100-engrossed,1982,98
1. The conference will assist entrepreneurs or businesses in the state in
9obtaining capital for the start-up or development of a business.
AB100-engrossed,1982,1110
2. The conference will likely stimulate investment, promote economic
11development or create or retain jobs in the state.
AB100-engrossed,1982,1612
3. The grant applicant submits a plan that describes the proposed activity, how
13the activity satisfies the criteria under this paragraph, how the grant will be
14administered, how the grant proceeds will be used to support the activity and how
15the activity will be coordinated with other venture capital development conferences
16or programs, including any conferences or programs of the department.
AB100-engrossed,1982,1717
4. The secretary approves the plan under subd. 3.
AB100-engrossed,1982,1918
5. The grant applicant funds at least 50% of the total cost of the conference by
19providing cash or in-kind contributions.
AB100-engrossed,1982,2120
(b) The department may not award more than $75,000 in grants under this
21subsection in any fiscal year.
AB100-engrossed,1982,2423
560.14
(5) (b)
Promulgate Subject to par. (d), promulgate rules to develop
24criteria for evaluating applications for grants under this section.
AB100-engrossed,1983,2
1560.14
(5) (c) Consistent with subs. (2)
, (3) and (4) to (4m), award grants under
2this section on a competitive basis, using the criteria developed under par. (b).
AB100-engrossed,1983,54
560.14
(5) (d) Give priority for grants under this section for projects related to
5brownfields redevelopment.
AB100-engrossed,1983,7
7560.16 (title)
Employe ownership assistance
loans grants.
AB100-engrossed,1983,109
560.16
(1) (b) "Business" means an employe-owned business or an existing
10business which is the subject of an application for a
loan grant under this section.
AB100-engrossed,1983,1212
560.16
(2) (title)
Employe ownership assistance loans grants
.
AB100-engrossed,1983,1714
560.16
(2) (a) From the appropriations under s. 20.143 (1) (c) and (ie), the
15department may make
loans grants to existing business groups for a feasibility study
16to investigate the reorganization or new incorporation of an existing business as an
17employe-owned business and for professional services to implement the study.
AB100-engrossed,1983,2119
560.16
(2) (b) The department may not make a
loan grant under this section
20unless the board has approved the
loan grant under this section or requested the
21department to make the grant under s. 560.61 (3).
AB100-engrossed,1983,2423
560.16
(2) (c) (intro.) The board may not approve a
loan grant under this section
24unless the board has considered all of the following:
AB100-engrossed,1984,3
1560.16
(2) (d) The board may approve a
loan grant regardless of the number
2of employes laid off or to be laid off by the business or, if the business is closed, the
3length of time that it has been closed.
AB100-engrossed,1984,75
560.16
(3) (title)
Loan
Grant applications. (intro.) To apply for a
loan grant 6under this section, a group shall submit an application to the department which
7includes:
AB100-engrossed,1984,119
560.16
(3) (e) A description of the group's financial assets available to match
10the
loan grant and a statement indicating the group's willingness to match the
loan 11grant.
AB100-engrossed,1984,1513
560.16
(3) (f) A written commitment from a person with the recognized
14expertise and experience necessary to conduct the feasibility study or provide the
15professional services to be financed by the
loan
grant.
AB100-engrossed,1984,1717
560.16
(4) (title)
Loan
Grant limits; contract approval.
AB100-engrossed,1984,2119
560.16
(4) (a) A
loan grant to a group under this section may not exceed
$25,000
20unless the joint committee on finance, under s. 13.101 (5m), approves a specified
21amount exceeding $25,000 $15,000.
AB100-engrossed,1985,223
560.16
(4) (b) As a condition of approval of a
loan grant to a group under this
24section, the board shall require that the group provide matching funds for at least
2525% of the cost of the project, except that the board may waive application of that
1requirement if the board determines that the group is subject to extreme financial
2hardship.
AB100-engrossed,1985,94
560.16
(4) (c) Any contract for any feasibility study or professional services
5financed by a
loan grant under sub. (2) (a) shall be subject to the approval of the
board 6department. The
board department may not approve such a contract unless it
7determines that the contractor has the expertise required to provide the necessary
8study or services and that the contractor's costs are consistent with existing market
9rates.
AB100-engrossed,1985,1312
560.16
(6) (a) (intro.) Any feasibility study of an existing business financed by
13a
loan grant under sub. (2) (a)
shall may include:
AB100-engrossed,1985,2115
560.16
(6) (b) The results of a feasibility study of an existing business financed
16by a
loan grant under sub. (2) (a) shall be solely for the use of the group which received
17the
loan grant, except that if the group's bid to purchase the business has been
18withdrawn, rejected or terminated, the group shall submit a copy of the study and
19the results of any professional services financed by the
loan grant to the board and
20the board may provide a copy of such results to any person seeking to purchase the
21existing business.
AB100-engrossed,1986,2
23560.165 Division of international and export development; fees. The
24division of international and export development may charge fees for services it
25provides to cover the costs incurred by the division in providing the services. The
1division shall deposit all fees collected under this section in the appropriation
2account under s. 20.143 (1) (g).
AB100-engrossed,1986,44
560.17
(1) (am) "Brownfields" has the meaning given in s. 560.60 (1v).