LRB-4325/1
MPG:amn
2021 - 2022 LEGISLATURE
August 26, 2021 - Introduced by Senators Smith,
Larson, Agard and L. Taylor,
cosponsored by Representatives
S. Rodriguez, Sinicki, B. Meyers, Andraca,
Cabrera, Doyle, Hebl, Hong, Pope, Shankland, Subeck and Spreitzer.
Referred to Committee on Economic and Workforce Development.
SB537,1,2
1An Act to create 238.27 of the statutes;
relating to: crowdfunding projects for
2creating jobs or promoting economic growth.
Analysis by the Legislative Reference Bureau
This bill requires the Wisconsin Economic Development Corporation to
contract with a business maintaining a crowdfunding Internet site that recommends
funding projects of small businesses and community organizations that create jobs
or promote economic growth in this state. The bill defines “crowdfunding Internet
site" as an Internet site for campaigning and collecting donations for projects. WEDC
must solicit project proposals from small businesses and community organizations
for inclusion on the crowdfunding Internet site, select projects for inclusion, and
provide assistance to donation campaigns for the selected projects.
For further information see the state fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB537,1
3Section
1. 238.27 of the statutes is created to read:
SB537,2,2
4238.27 Crowdfunding for jobs and economic growth. (1) In this section,
5“crowdfunding Internet site" means an Internet site that allows a person to
1campaign for and collect donations to fund a project that the person describes on the
2Internet site.
SB537,2,10
3(2) The corporation shall contract with a business maintaining a crowdfunding
4Internet site that recommends funding projects of small businesses and community
5organizations that create jobs or promote economic growth in this state. The
6corporation shall solicit project proposals from small businesses and community
7organizations for inclusion on the crowdfunding Internet site, select projects for
8inclusion, and provide assistance to the small businesses and community
9organizations whose projects are included in their campaigns for donations on the
10crowdfunding Internet site.
