560.20(1)(d)
(d) "Nonprofit organization" means a nonprofit corporation, as defined in
s. 181.0103 (17), and any 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.
560.20(1)(e)
(e) "Person with severe disabilities" means an individual who is eligible for one or more programs or services under
ch. 47 because he or she is a person with a severe disability, as defined in
s. 47.01 (3g).
560.20(1)(f)
(f) "Small business" means a for-profit business having fewer than 100 full-time employees.
560.20(1)(g)
(g) "Technical assistance" includes all of the following:
560.20(1)(g)1.
1. Preparation of preliminary feasibility studies, feasibility studies or business and financial plans.
560.20(1)(g)3.
3. Engineering studies, appraisals or marketing assistance.
560.20(1m)
(1m) Employment opportunities. The department shall develop a program consisting of technical assistance, grants and loans, as described in
subs. (2) and
(3), for the purpose of assisting the expansion and creation of for-profit businesses that are expected to provide employment opportunities for persons with severe disabilities.
560.20(2)
(2) Technical assistance; grants and services. 560.20(2)(a)(a) The department may provide technical assistance to an individual, small business or nonprofit organization. In addition to or in lieu of the technical assistance provided by the department and subject to
par. (e), the department may make a grant to an individual, small business or nonprofit organization from the appropriation under
s. 20.143 (1) (en) to partially fund technical assistance provided to the individual, small business or nonprofit organization. Technical assistance or a grant for technical assistance provided under this paragraph shall be for the purpose of developing and planning, at the preliminary stages, the start-up or expansion of a for-profit business that is or will be located in this state.
560.20(2)(b)
(b) In deciding whether to provide technical assistance or make a grant under
par. (a), or both, the department shall consider all of the following:
560.20(2)(b)1.
1. The likelihood that the for-profit business will actually be profitable.
560.20(2)(b)2.
2. The extent to which the expansion or creation of the for-profit business will increase employment in this state.
560.20(2)(b)3.
3. The extent to which the expansion or creation of the for-profit business is expected to create employment opportunities for persons with severe disabilities, particularly persons with severe disabilities who are minority group members.
560.20(2)(c)
(c) The amount of each grant awarded under
par. (a) may not exceed $15,000. As a condition of receiving a grant, the individual, small business or nonprofit organization shall provide matching funds in an amount equal to at least 25% of the amount of the grant. The department may allow the individual, small business or nonprofit organization to satisfy the matching fund requirement by contributing, or having another person contribute on its behalf, services toward the technical assistance that have a value, as determined by the department, equal to at least 25% of the amount of the grant.
560.20(2)(d)
(d) The department shall do all of the following:
560.20(2)(d)1.
1. Develop an application form to be used by individuals, small businesses and nonprofit organizations seeking technical assistance and grants under
par. (a) and furnish the application upon request.
560.20(2)(d)2.
2. Award grants under
par. (a) on a competitive basis after evaluating applications received by the department for technical assistance and grants under
par. (a).
560.20(2)(e)
(e) If the department makes a grant under
par. (a), the department may contract directly with and pay grant proceeds directly to any person providing technical assistance to the individual, small business or nonprofit organization for the purpose specified in
par. (a).
560.20(3)
(3) Management assistance; loans and grants. 560.20(3)(a)(a) Subject to
par. (cm), the department may award funds appropriated under
s. 20.143 (1) (en) and
(in) to an individual, small business or nonprofit organization for use in connection with the start-up or expansion of a for-profit business if all of the following apply:
560.20(3)(a)1.
1. The department provided technical assistance or a grant for technical assistance under
sub. (2) for developing and planning the start-up or expansion of the for-profit business.
560.20(3)(a)2.
2. The for-profit business is or will be at least 51% owned by a handicapped person, as defined in
s. 47.01 (3), or by a nonprofit organization that provides services to handicapped persons, as defined in
s. 47.01 (3).
560.20(3)(b)
(b) If the department awards funds under this subsection to an individual, small business or nonprofit organization, up to 20% of the award, or $5,000, whichever is less, may be a grant and the balance shall be a loan.
560.20(3)(c)
(c) An individual, small business or nonprofit organization that receives an award of funds under this subsection may use loan proceeds only for working capital or fixed-asset financing, and may use grant proceeds, if any, only for management assistance.
560.20(3)(cm)
(cm) If the department awards a grant under this subsection, the department may contract directly with and pay grant proceeds directly to any person providing management assistance to the individual, small business or nonprofit organization.
560.20(3)(d)
(d) The department may not award under this subsection funds that exceed $30,000 in a fiscal biennium to any single individual, small business or nonprofit organization. As a condition of receiving an award under this subsection, an individual, small business or nonprofit organization shall provide matching funds that are at least equal to the amount of the award.
560.20(3)(e)
(e) In deciding whether to make an award under this subsection, the department shall consider all of the following:
560.20(3)(e)1.
1. The likelihood that the for-profit business will actually be profitable.
560.20(3)(e)2.
2. The extent to which the expansion or creation of the for-profit business will increase employment in this state.
560.20(3)(e)3.
3. The extent to which the expansion or creation of the for-profit business is expected to create employment opportunities for persons with severe disabilities, particularly persons with severe disabilities who are minority group members.
560.20(3)(e)4.
4. The extent to which the award is necessary for the successful completion of the start-up or expansion of the for-profit business because funding is unavailable in traditional capital markets, or because credit has been offered on terms that would preclude the success of the for-profit business.
560.20(3)(f)
(f) The department shall do all of the following:
560.20(3)(f)1.
1. Develop an application form to be used by individuals, small businesses and nonprofit organizations seeking an award under this subsection and furnish the application upon request.
560.20(3)(f)2.
2. Before awarding a loan under this subsection, determine the terms for repayment of the principal amount of the loan.
560.20(3)(f)3.
3. Before awarding the loan, establish all other terms and conditions of the loan after considering the circumstances of the individual, small business or nonprofit organization.
560.20(3)(f)4.
4. Deposit in the appropriation account under
s. 20.143 (1) (in) all interest and principal received in repayment of loans under this subsection, any proceeds from equity investments made by the community development finance company under s.
234.965, 1991 stats., that are received by the department or the community development finance company and any unencumbered grant funds returned to the department under
1993 Wisconsin Act 437, section 9115 (1t).
560.20(3)(g)
(g) The department, in agreement with the for-profit business, may convert any equity investments made by the community development finance company in a for-profit business under s.
234.965, 1991 stats., to a grant or a loan under this subsection without regard to the requirements under
par. (b).
560.20(3)(h)
(h) The community development finance company shall transfer to the department any proceeds that the company receives from equity investments made by the community development finance company under s.
234.965, 1991 stats.
560.25
560.25
Manufacturing extension center grants. 560.25(1)(a)
(a) "Biotechnology" means technology related to life sciences.
560.25(1)(b)
(b) "Business" means a company located in this state, a company that has made a firm commitment to locate a facility in this state or a group of companies at least 80% of which are located in this state.
560.25(1)(d)
(d) "Technology-based nonprofit organization" means a nonprofit corporation, as defined in
s. 181.0103 (17), 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.
560.25(2)
(2) Grants. Subject to
subs. (4) and
(5), the department may make a grant from the appropriation under
s. 20.143 (1) (ie) to a technology-based nonprofit organization to provide support for a manufacturing extension center if all of the following apply:
560.25(2)(a)
(a) The technology-based nonprofit organization submits to the department a plan detailing its proposed expenditures and performance measures related to the project.
560.25(3)
(3) Restriction on grant recipients. A technology-based nonprofit organization that receives a grant under this section is thereafter ineligible to receive a grant or loan under
subch. V.
560.25(4)
(4) Limit on grants. The department may not award more than $1,000,000 in grants under this section in a fiscal year.
560.25(5)
(5) Program sunset. The department may not encumber any moneys under this section after June 30, 2001.
560.25 History
History: 1999 a. 9.
560.26
560.26
Wisconsin Procurement Institute grants. 560.26(1)(1) Subject to
sub. (3), the department shall make grants from the appropriation under
s. 20.143 (1) (c) to the Wisconsin Procurement Institute if all of the following apply:
560.26(1)(a)
(a) The Wisconsin Procurement Institute uses the grant proceeds to further its efforts to secure federal government contracts and create jobs in the state.
560.26(1)(b)
(b) The Wisconsin Procurement Institute submits a plan to the department for each grant detailing the proposed use of the grant and the secretary approves the plan.
560.26(1)(c)
(c) The Wisconsin Procurement Institute enters into a written agreement with the department that specifies the conditions for use of the grant proceeds, including reporting and auditing requirements.
560.26(1)(d)
(d) The Wisconsin Procurement Institute agrees in writing to submit to the department the report required under
sub. (2) by the time required under
sub. (2).
560.26(2)
(2) If the Wisconsin Procurement Institute receives a grant under this section, it shall submit to the department, within 6 months after spending the full amount of the grant, a report detailing how the grant proceeds were used.
560.26(3)
(3) The department may not make grants under
sub. (1) that exceed $100,000 in total.
560.26 History
History: 1999 a. 9.
560.27
560.27
High-technology business development corporation. 560.27(1)(a)(a) The department shall organize and assist in maintaining a high-technology business development corporation as a nonstock, nonprofit corporation under
ch. 181 for the exclusive purpose of promoting and supporting the creation, development and retention of science-based and technology-based businesses in the state. In furtherance of its purpose, the corporation shall establish and implement programs focused on key elements necessary for the success of high-technology firms, including entrepreneurs, businesses, professional services, seed and venture capital, universities and state government.
560.27(1)(b)
(b) From the appropriation under
s. 20.143 (1) (d), the department shall make a one-time grant of $50,000 in fiscal year 2000-01 to the high-technology business development corporation for start-up capital and reasonable administrative expenses of the corporation.
560.27(2)(a)(a) The high-technology business development corporation shall be governed by a board of directors, consisting of the secretary, or his or her designee, the president of the University of Wisconsin System, or his or her designee, the director of the technical college system board, or his or her designee, the president of the Wisconsin Association of Independent Colleges and Universities, or his or her designee, and at least 11 other members, one or more of whom represents each of the following categories:
560.27(2)(a)7.
7. Professionals in the state who are experienced in providing services to persons specified in
subds. 1. to
6.
560.27(2)(b)
(b) The members who are representatives of the categories under
par. (a) 1. to
7. shall serve 5-year terms. Of the initial members who are representatives of the categories under
par. (a) 1. to
7., one shall be appointed by the senate majority leader, one shall be appointed by the speaker of the assembly, one shall be appointed by the senate minority leader, one shall be appointed by the assembly minority leader and at least 7 shall be appointed by the governor. The high-technology business development corporation, in its bylaws, shall specify the method for electing new members who are representatives of the categories under
par. (a) 1. to
7. and for filling vacancies.
560.27(3)(a)(a) Subject to
par. (c), the department may make a grant to the high-technology business development corporation, from the appropriation under
s. 20.143 (1) (d), if all of the following apply:
560.27(3)(a)1.
1. The corporation submits an expenditure plan to the department detailing the proposed use of the grant proceeds and the secretary approves the plan.
560.27(3)(a)2.
2. The corporation enters into a written agreement with the department that specifies the conditions for the use of the grant proceeds, including reporting and auditing requirements.
560.27(3)(a)3.
3. The corporation provides matching funds equal to 50% of the grant proceeds.
560.27(3)(a)4.
4. The corporation provides to the department information requested by the department about private funding the corporation has received or will receive for the purposes detailed in the expenditure plan under
subd. 1.
560.27(3)(a)5.
5. The corporation agrees in writing to submit to the department the report required by
par. (b) by the time required under
par. (b).
560.27(3)(b)
(b) If the corporation receives a grant under this subsection, the corporation shall submit to the department, within 6 months after spending the full amount of the grant, a report detailing how the grant proceeds were used.
560.27(3)(c)
(c) The department may not make grants under this subsection that exceed $200,000 in total in fiscal year 2000-01, or that exceed $250,000 in total in any fiscal year thereafter.
560.27(4)
(4) Annually, the high-technology business development corporation shall provide a report on its activities to the appropriate standing committees of each house of the legislature in the manner provided under
s. 13.172 (3) and to the governor.
