AB100,1031,2222 (a) Capital investment.
AB100,1031,2323 (b) Family-supporting wage.
AB100,1031,2424 (c) High-paying job.
AB100,1031,2525 (d) Significant numbers.
AB100, s. 2363
1Section 2363. 560.25 (title) and (1) of the statutes are renumbered 38.34 (title)
2and (1).
AB100, s. 2364 3Section 2364. 560.25 (2) of the statutes is renumbered 38.34 (2) and amended
4to read:
AB100,1032,85 38.34 (2) Grants. Subject to sub. (4) (3), the department board may make a
6grant from the appropriation under s. 20.143 (1) (fj) 20.292 (1) (fj) to a
7technology-based nonprofit organization to provide support for a manufacturing
8extension center if all of the following apply:
AB100,1032,119 (a) The technology-based nonprofit organization submits to the department
10board a plan detailing its proposed expenditures and performance measures related
11to the project.
AB100,1032,1212 (b) The secretary state director approves the plan submitted under par. (a).
AB100, s. 2365 13Section 2365. 560.25 (4) of the statutes is repealed.
AB100, s. 2366 14Section 2366. 560.26 of the statutes is repealed.
AB100, s. 2367 15Section 2367. 560.60 (1m) of the statutes is repealed.
AB100, s. 2368 16Section 2368. 560.60 (1v) of the statutes is repealed.
AB100, s. 2369 17Section 2369. 560.60 (3) of the statutes is repealed.
AB100, s. 2370 18Section 2370. 560.60 (3m) of the statutes is created to read:
AB100,1032,1919 560.60 (3m) "Eligible activities" means any of the following:
AB100,1032,2020 (a) Capital financing.
AB100,1032,2121 (b) Worker training.
AB100,1032,2222 (c) Entrepreneurial development.
AB100,1032,2423 (d) Providing assistance to technology-based businesses or to businesses at a
24foreign trade show or event.
AB100,1032,2525 (e) Promoting urban or regional economic development.
AB100,1033,1
1(f) Establishing revolving loan funds.
AB100,1033,22 (g) Providing working capital.
AB100,1033,33 (h) Promoting employee ownership through all of the following:
AB100,1033,54 1. Conducting feasibility studies to investigate the reorganization or new
5incorporation of existing businesses as employee-owned businesses.
AB100,1033,66 2. Implementing feasibility studies under subd. 1.
AB100, s. 2371 7Section 2371. 560.60 (4) of the statutes is amended to read:
AB100,1033,108 560.60 (4) "Eligible recipient" means a governing body or a person who is
9eligible to receive a grant or loan under s. 560.62, a grant or loan under s. 560.63 or
10a grant or loan under s. 560.65
560.61.
AB100, s. 2372 11Section 2372. 560.60 (8) of the statutes is repealed.
AB100, s. 2373 12Section 2373. 560.60 (10) of the statutes is repealed.
AB100, s. 2374 13Section 2374. 560.60 (11) of the statutes is repealed.
AB100, s. 2375 14Section 2375. 560.60 (13) of the statutes is repealed.
AB100, s. 2376 15Section 2376. 560.60 (15) of the statutes is amended to read:
AB100,1033,1816 560.60 (15) "Small business" means a business operating for profit, with 250
17or
fewer than 100 employees, including employees of any subsidiary or affiliated
18organization.
AB100, s. 2377 19Section 2377. 560.60 (17) of the statutes is repealed.
AB100, s. 2378 20Section 2378. 560.60 (18m) of the statutes is repealed.
AB100, s. 2379 21Section 2379. 560.605 (1) (intro.) of the statutes is amended to read:
AB100,1034,222 560.605 (1) (intro.) The Upon receipt of an application by an eligible recipient,
23the
board may consider any of the following in determining whether to award a grant
24or loan under s. 560.61 upon the receipt and consideration of an application by an

1eligible recipient for a project under ss. 560.62 to 560.66, if the board determines all
2of the following
:
AB100, s. 2380 3Section 2380. 560.605 (1) (a) of the statutes is amended to read:
AB100,1034,44 560.605 (1) (a) The Whether the project serves a public purpose.
AB100, s. 2381 5Section 2381. 560.605 (1) (b) of the statutes is amended to read:
AB100,1034,76 560.605 (1) (b) The Whether the project will retain or increase employment in
7this state.
AB100, s. 2382 8Section 2382. 560.605 (1) (c) of the statutes is amended to read:
AB100,1034,109 560.605 (1) (c) The Whether the project is not likely to might not occur without
10the grant or loan.
AB100, s. 2383 11Section 2383. 560.605 (1) (d) of the statutes is amended to read:
AB100,1034,1312 560.605 (1) (d) Financing Whether financing is unavailable available from any
13other
another source on reasonably equivalent terms.
AB100, s. 2384 14Section 2384. 560.605 (1) (e) of the statutes is amended to read:
AB100,1034,1815 560.605 (1) (e) Except as provided in s. 560.68 (6), the eligible recipient
16receiving the grant or loan will contribute, from
The extent to which the project will
17be financed with
funds not provided by this state, not less than 25% of the cost of the
18project
.
AB100, s. 2385 19Section 2385. 560.605 (1) (f) of the statutes is repealed.
AB100, s. 2386 20Section 2386. 560.605 (1) (g) of the statutes is amended to read:
AB100,1034,2321 560.605 (1) (g) Funds Whether funds from the grant or loan under s. 560.62,
22560.63, 560.65 or 560.66
will be used to pay overhead costs, except as provided in s.
23560.65 (1m) (b),
or to replace funds from any other another source.
AB100, s. 2387 24Section 2387. 560.605 (1) (h) of the statutes is amended to read:
AB100,1035,2
1560.605 (1) (h) The Whether the project will not displace any workers in this
2state.
AB100, s. 2388 3Section 2388. 560.605 (1) (i) of the statutes is repealed.
AB100, s. 2389 4Section 2389. 560.605 (2) (intro.) of the statutes is repealed.
AB100, s. 2390 5Section 2390. 560.605 (2) (a) of the statutes is renumbered 560.605 (1) (j).
AB100, s. 2391 6Section 2391. 560.605 (2) (b) of the statutes is renumbered 560.605 (1) (k).
AB100, s. 2392 7Section 2392. 560.605 (2) (c) of the statutes is renumbered 560.605 (1) (L).
AB100, s. 2393 8Section 2393. 560.605 (2) (d) of the statutes is renumbered 560.605 (1) (m) and
9amended to read:
AB100,1035,1010 560.605 (1) (m) The financial soundness of the business eligible recipient.
AB100, s. 2394 11Section 2394. 560.605 (2) (e) of the statutes is renumbered 560.605 (1) (n).
AB100, s. 2395 12Section 2395. 560.605 (2) (f) of the statutes is renumbered 560.605 (1) (o).
AB100, s. 2396 13Section 2396. 560.605 (2m) (intro.) of the statutes is amended to read:
AB100,1035,1614 560.605 (2m) (intro.) When considering whether a project under s. 560.62,
15560.63 or 560.66
will be located in a targeted area, the board shall may consider all
16any of the following:
AB100, s. 2397 17Section 2397. 560.605 (2m) (c) of the statutes is repealed.
AB100, s. 2398 18Section 2398. 560.605 (2m) (d) of the statutes is repealed.
AB100, s. 2399 19Section 2399. 560.605 (2m) (e) of the statutes is repealed.
AB100, s. 2400 20Section 2400. 560.605 (4) of the statutes is repealed.
AB100, s. 2401 21Section 2401. 560.605 (5) of the statutes is repealed.
AB100, s. 2402 22Section 2402. 560.605 (5m) of the statutes is repealed.
AB100, s. 2403 23Section 2403. 560.605 (6) of the statutes is repealed.
AB100, s. 2404 24Section 2404. 560.607 (1) of the statutes is amended to read:
AB100,1036,2
1560.607 (1) Evaluations of proposed technical research projects under s.
2560.62
.
AB100, s. 2405 3Section 2405. 560.61 (intro.) of the statutes is repealed.
AB100, s. 2406 4Section 2406. 560.61 (1) of the statutes is renumbered 560.61 and amended
5to read:
AB100,1036,10 6560.61 Make At the request of the board, the department may make a grant
7or loan to an eligible recipient for a project that meets the criteria for funding under
8s. 560.605 (1) and (2) and under s. 560.62, 560.63, 560.65 or 560.66, whichever is
9appropriate,
from the appropriations under s. 20.143 (1) (c), (cb) and (ie) for eligible
10activities
.
AB100, s. 2407 11Section 2407. 560.61 (3) of the statutes is repealed.
AB100, s. 2408 12Section 2408. 560.62 of the statutes is repealed.
AB100, s. 2409 13Section 2409. 560.63 of the statutes is repealed.
AB100, s. 2410 14Section 2410. 560.65 of the statutes is repealed.
AB100, s. 2411 15Section 2411. 560.66 of the statutes is repealed.
AB100, s. 2412 16Section 2412. 560.68 (1m) of the statutes is created to read:
AB100,1036,1917 560.68 (1m) The department shall establish criteria for the award of grants
18and loans under s. 560.61, including the types of projects that are eligible for funding
19and the types of eligible projects that will receive priority.
AB100, s. 2413 20Section 2413. 560.68 (2m) of the statutes is created to read:
AB100,1036,2221 560.68 (2m) The department shall determine conditions applicable to a grant
22or loan under s. 560.61.
AB100, s. 2414 23Section 2414. 560.68 (3) of the statutes is amended to read:
AB100,1037,324 560.68 (3) The department may charge a grant or loan recipient an origination
25fee of up to not more than 2% of the grant or loan amount if the grant or loan equals

1or
exceeds $200,000 and is awarded under s. 560.63 or 560.66. The department shall
2deposit all origination fees collected under this subsection in the appropriation
3account under s. 20.143 (1) (gm).
AB100, s. 2415 4Section 2415. 560.68 (5) of the statutes is renumbered 560.68 (5) (intro.) and
5amended to read:
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