560.60(18m) (18m) "Technology-based nonprofit organization" means a nonprofit corporation that is organized under ch. 181, or an organization described in section 501 (c) (3) of the internal revenue code that is exempt from federal income tax under section 501 (a) of the internal revenue code, and that has as a mission the transfer of technology to businesses in this state.
560.602 560.602 Policies and standards for awarding grants and loans. The department, with the approval of the board, shall promulgate rules to establish policies and standards for awarding grants and loans under this subchapter. The rules shall include all of the following:
560.602(1) (1) A statement of the department's economic development policy that is consistent and coordinated with economic development policies expressed in the statutes and established by other state agencies.
560.602(5) (5) Provisions for the development of a biennial plan for awarding grants and loans under this subchapter, before the commencement of each odd-numbered fiscal year, and for the submission of the biennial plan to the governor and the chief clerk of each house of the legislature for distribution to the appropriate standing committees under s. 13.172 (3).
560.602 History History: 1991 a. 269.
560.605 560.605 Grant and loan criteria; generally.
560.605(1) (1) The board may award a grant or loan under s. 560.61 upon the receipt and consideration of an application by an eligible recipient for a project under ss. 560.62 to 560.66, if the board determines all of the following:
560.605(1)(a) (a) The project serves a public purpose.
560.605(1)(b) (b) The project will retain or increase employment in this state.
560.605(1)(c) (c) The project is not likely to occur without the grant or loan.
560.605(1)(d) (d) Financing is unavailable from any other source on reasonably equivalent terms.
560.605(1)(e) (e) The eligible recipient receiving the grant or loan will contribute, from funds not provided by this state, whichever of the following applies:
560.605(1)(e)1. 1. Except as provided under subd. 2. and s. 560.68 (6), not less than 25% of the cost of the project.
560.605(1)(e)2. 2. For grants and loans under s. 560.63, not less than 50% of the cost of the project excluding projects located in targeted areas and costs described in s. 560.63 (3).
560.605(1)(f) (f) The project meets all criteria set forth in s. 560.62, 560.625, 560.63, 560.65 or 560.66, whichever is appropriate.
560.605(1)(g) (g) Funds from the grant or loan under ss. 560.62, 560.625, 560.63, 560.65 and 560.66 will not be used to pay overhead costs, except as provided in s. 560.65 (1m) (b), or to replace funds from any other source.
560.605(1)(h) (h) The project will not displace any workers in this state.
560.605(2) (2) The board shall consider all of the following before awarding a grant or loan to an eligible recipient for a project under ss. 560.62, 560.625, 560.63 or 560.66:
560.605(2)(a) (a) The extent to which the project will retain or increase employment in this state.
560.605(2)(b) (b) The extent to which the project will contribute to the economic growth of this state and the well-being of the residents of this state.
560.605(2)(c) (c) Whether the project will be located in an area of high unemployment or low average income.
560.605(2)(d) (d) The financial soundness of the business.
560.605(2)(e) (e) The intention of the eligible recipient to repay the grant or loan.
560.605(2)(f) (f) Whether the project will be located in a targeted area.
560.605(2m) (2m) When considering whether a project under ss. 560.62, 560.625, 560.63 or 560.66 will be located in a targeted area, the board shall consider all of the following:
560.605(2m)(a) (a) Whether the area has high unemployment.
560.605(2m)(b) (b) Whether the area has a low median household income.
560.605(2m)(c) (c) Whether there is a high percentage of households in the area receiving aid to families with dependent children under s. 49.19.
560.605(2m)(d) (d) Whether there has been a significant decline in the population in the area.
560.605(2m)(e) (e) Whether property values in the area have been declining.
560.605(2m)(f) (f) Whether a significant number of workers in the area have been permanently laid off by their employers or whether public notice has been given by an employer of either a plant closing or a substantial reduction in work force that will result in a significant number of workers in the area being laid off permanently.
560.605(2m)(g) (g) Whether the area is designated as a development zone under s. 560.71 or as an enterprise development zone under s. 560.797.
560.605(2m)(h) (h) Any other factor the board considers to be an appropriate indicator of a targeted area.
560.605(4) (4) The board shall give priority for grants or loans under this section to eligible recipients that certify that they use or will use techniques or processes that reduce or eliminate the use of ozone-depleting substances that are listed as class I substances under 42 USC 7671a.
560.605(5) (5) The board shall give more favorable terms on loans and grants awarded to projects that will be located in targeted areas than to loans and grants awarded to projects that will not be located in targeted areas.
560.605(5m) (5m) The board shall give priority for grants or loans under this section to eligible recipients that certify that they give priority or will give priority in hiring employes to recipients of aid to families with dependent children under s. 49.19.
560.605 History History: 1987 a. 27, 399; 1989 a. 31, 335; 1991 a. 39, 269; 1993 a. 16, 75, 243; 1995 a. 27.
560.61 560.61 Wisconsin development fund. At the request of the board, the department shall do all of the following:
560.61(1) (1) Make a grant or loan to an eligible recipient for a project that meets the criteria for funding under s. 560.605 (1) and (2) and under s. 560.62, 560.625, 560.63, 560.65 or 560.66, whichever is appropriate, from the appropriations under s. 20.143 (1) (c) , (cb), (ie), (s) and (sm).
560.61(3) (3) Make a loan under s. 560.16 from the appropriations under s. 20.143 (1) (c) and (ie) if the board determines that the loan meets the requirements of s. 560.16.
560.61 History History: 1987 a. 27, 399; 1989 a. 31, 335; 1991 a. 39; 1993 a. 16, 75; 1995 a. 27, 417.
560.62 560.62 Technology development grants and loans.
560.62(1)(1) The board may award any of the following under s. 560.61 to any of the following for any of the following purposes:
560.62(1)(a) (a) A technology development grant or loan to a business or consortium to fund technical research intended to result in the development of a new, or the improvement of an existing, industrial product or process.
560.62(1)(b) (b) A technology development loan to a business to provide working capital or fixed asset financing for the development of the infrastructure of the business or for the initial commercialization of the new industrial product or process if the business received a technology development grant or loan under par. (a) and if the research that was funded by the grant or loan under par. (a) resulted in the successful development of a new, or the improvement of an existing, industrial product or process. A business that receives a loan under this paragraph may use the proceeds only to pay costs related to the production, marketing or sales of the new or improved product or process.
560.62(2) (2) The board may not award a technology development grant or loan under sub. (1) (a) unless the business or consortium seeking the grant or loan first enters into a written agreement regarding all of the following:
560.62(2)(a) (a) The ownership of any patents or licenses which result from the technical research.
560.62(2)(b) (b) Dissemination of information relating to the technical research.
560.62(2)(c) (c) Responsibilities of persons conducting the technical research.
560.62(2m) (2m) The board may award a grant under s. 560.61 to a consortium, a higher educational institution or a technology-based nonprofit organization to provide matching funds for establishing a manufacturing extension center that will promote technology transfer to businesses in this state. The proceeds of the grant may be used only to pay for fixed-asset costs related to the project and costs directly related to technology transfer activity between the manufacturing extension center and a business, excluding common overhead expenses and marketing or other administrative costs. The board may allow a portion of the match provided by the grant recipient to be in-kind.
560.62(3) (3) Funds expended or encumbered in any fiscal year for grants and loans under this section may not exceed 40% of the total budgets of all technical research projects awarded grants or loans under this section in that fiscal year excluding funds expended or encumbered for projects that are located in a targeted area.
560.62(4) (4) In each biennium, the board may expend or encumber up to a total of 1% of the moneys appropriated under s. 20.143 (1) (c) for that biennium for any of the following:
560.62(4)(a) (a) Evaluations of proposed technical research projects.
560.62(4)(b) (b) Grants to small businesses for preparing proposals for the federal small business innovative research program under 15 USC 638.
560.62 History History: 1987 a. 27, 399; 1989 a. 31; 1991 a. 39; 1993 a. 16, 232.
560.625 560.625 Research grants and loans. The board may award a research grant or loan under s. 560.61 to a small business to fund research having a potential commercial application. The total amount of grants and loans made under this section may not exceed $300,000 in any fiscal year.
560.625 History History: 1987 a. 399.
560.63 560.63 Customized labor training grants and loans.
560.63(1)(1) The board may award a grant or loan under s. 560.61 to a business to fund a labor training program that provides state residents with job training in new technology, industrial skills or manufacturing processes or other employment-related skills or techniques in which advances have been made as determined by the board, in order to meet the staffing needs of a business, if the training is not available through existing federal, state or local resources except as provided in sub. (4).
560.63(2) (2) Any business requesting a customized labor training grant or loan shall guarantee to the board that the business shall provide a job in this state to all persons who successfully complete the labor training program funded by the grant or loan.
560.63(3) (3) The board may not award a customized labor training grant or loan to finance any of the following costs incurred by a technical college district or by a public secondary or postsecondary institution:
560.63(3)(a) (a) The cost, incurred before the beginning of the labor training program, of recruiting program instructors.
560.63(3)(b) (b) The cost of developing a labor training program curriculum.
560.63(3)(c) (c) The cost of recruiting, screening and counseling program trainees.
560.63(3)(d) (d) The cost of a financial audit.
560.63(3)(e) (e) The cost of renting instructional equipment and training facilities owned or leased by the district or institution, unless the equipment or facilities are rented only for the customized labor training program.
560.63(4) (4) The contribution required under s. 560.605 (1) (e) 2. may consist of funding or of in-kind contributions. Not more than 20% of the contribution of a business may consist of funding which the business receives under the federal job training partnership act, 29 USC 1501 to 1781.
560.63 History History: 1987 a. 27; 1993 a. 16, 399.
560.65 560.65 Technology and pollution control and abatement grants and loans.
560.65(1) (1) In this section:
560.65(1)(a) (a) "Air pollution" has the meaning given in s. 285.01 (3).
560.65(1)(ag) (ag) "Industrial waste" has the meaning given in s. 281.01 (5).
560.65(1)(ar) (ar) "Nonattainment area" has the meaning given in s. 285.01 (30).
560.65(1)(b) (b) "Postconsumer waste" has the meaning given in s. 287.01 (7).
560.65(1)(c) (c) "Stationary source" has the meaning given in s. 285.01 (41).
560.65(1)(d) (d) "Volatile organic compound" has the meaning given in s. 285.01 (42).
560.65(1)(e) (e) "Volatile organic compound accommodation area" has the meaning given in s. 285.01 (43).
560.65(1)(f) (f) "Waters of the state" has the meaning given in s. 281.01 (18).
560.65(1m) (1m)
560.65(1m)(a)(a) Subject to sub. (4), the board may award a grant or loan not exceeding $750,000 under s. 560.61 to a new or expanding business, a municipality or other public entity, a nonprofit organization or an entity organized by a group of any of those entities for any of the following:
560.65(1m)(a)1. 1. The production of a product made from one or more materials recovered from postconsumer waste or industrial waste.
560.65(1m)(a)2m. 2m. Technical research intended to result in the development of a new process, or the improvement of an existing process, for processing postconsumer waste or industrial waste.
560.65(1m)(a)3. 3. The development, construction, purchase or operation of a facility or equipment to do any of the following:
560.65(1m)(a)3.a. a. To process postconsumer waste or industrial waste.
560.65(1m)(a)3.b. b. To control or treat industrial wastes or air pollution but not other wastes, as defined in s. 281.01 (7).
560.65(1m)(a)3.c. c. To abate or eliminate air pollution or pollution of the waters of the state that originates from property that is not used to grow agricultural products for sale.
560.65(1m)(a)3.d. d. To reduce emissions of volatile organic compounds from a stationary source owned or operated by the applicant in a nonattainment area or volatile organic compound accommodation area.
560.65(1m)(a)3.e. e. To comply with the air pollution control requirements of ss. 285.01 to 285.29, 285.33 to 285.53, 285.60 to 285.71, 285.75, 285.79 and 285.81, of a local air pollution control program under s. 285.73 or of the federal clean air act, 42 USC 7401 to 7671q.
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This is an archival version of the Wis. Stats. database for 1995. See Are the Statutes on this Website Official?