560.138(2)(b)
(b) In determining whether to award a grant or loan under this section, the department shall consider all of the following:
560.138(2)(b)1.
1. A project's potential to retain or increase the number of jobs.
560.138(2)(b)2.
2. A project's potential to provide for significant capital investment.
560.138(2)(b)3.
3. A project's contribution to the economy of the community.
560.138(2)(b)4.
4. Whether a project will take place in a rural community, as determined by the department.
560.138(3)
(3) As a condition of approval of a grant or loan under this section, the department shall require that a qualified business provide matching funds for at least 25% of the cost of a project.
560.138(4)
(4) The department may not award a grant or loan under this section to a qualified business for any purpose that is related to tourism unless the department of tourism concurs in the award.
560.138(5)
(5) The department shall deposit into the appropriation account under
s. 20.143 (1) (ig) all moneys received in repayment of loans made under this section.
560.138 History
History: 1999 a. 9;
2001 a. 16.
560.139
560.139
Economic development grants. 560.139(1)
(1)
Remediation and economic redevelopment. 560.139(1)(a)1.1. Subject to
subd. 2., from the appropriation under
s. 20.143 (1) (kj), the department shall make grants to the city of Milwaukee to fund a program to be administered by the Milwaukee Economic Development Corporation. Under the program, the Milwaukee Economic Development Corporation shall provide grants to persons for remediation and economic redevelopment projects in the Menomonee valley. A person may not receive a grant unless the person provides matching funds for at least 50% of the cost of the project.
560.139(1)(a)2.
2. The department may not expend more than $900,000 in grants to the city of Milwaukee under this paragraph.
560.139(1)(c)1.1. From the appropriation under section
20.143 (1) (qm) of the statutes, the department shall make a grant of $375,000 in fiscal year 2001-02 and a grant of $375,000 in fiscal year 2002-03 to the Milwaukee Economic Development Corporation and a grant of $375,000 in fiscal year 2001-02 and a grant of $375,000 in fiscal year 2002-03 to the Menomonee Valley Partners, Inc. The grants in fiscal year 2001-02 shall be made no later than 120 days after September 1, 2001, and the grants in fiscal year 2002-03 shall be made no later than October 1, 2002.
560.139(1)(c)2.
2. The proceeds of the grants under
subd. 1. must be used to fund projects that are selected for funding on the basis of the degree of blight and underused economic potential in the area, the area's potential for redevelopment, and the project's compatibility with the Menomonee Valley land use plan. The grant proceeds may be used to fund the cost of acquisitions, demolition, environmental assessments, removal of underground storage tanks and abandoned containers, site investigations, cleanup, and monitoring, and other costs associated with such activities.
560.139(1)(c)3.
3. A person may not receive for a project a grant from the Milwaukee Economic Development Corporation or the Menomonee Valley Partners, Inc., that is funded with the proceeds of a grant under
subd. 1. unless the person provides matching funds at least equal to the amount of the grant received by the person.
560.139(2)(a)(a) From the appropriation under
s. 20.143 (1) (kj), the department shall make grants to the Northwest Regional Planning Commission to match federal or private funds for the purpose of establishing a community-based venture fund. Subject to
par. (b), the department shall provide grants in an amount that equals 50% of the total amount that the Northwest Regional Planning Commission receives in the year from federal or private sources for the community-based venture fund.
560.139(2)(b)
(b) The department may not expend more than $150,000 in grants under this subsection.
560.139 History
History: 1999 a. 9;
2001 a. 16.
560.14
560.14
Community-based economic development programs. 560.14(1)(a)
(a) "Applicable median household income" means the median family income for the county where the household is located, as determined annually by the U.S. department of housing and urban development.
560.14(1)(b)
(b) "Business incubator" means a person who operates an organization designed to encourage the growth of new businesses, if at least 2 of the following apply:
560.14(1)(b)1.
1. The organization rents space at a rate lower than the market rate in the community.
560.14(1)(b)3.
3. The organization makes available management and technical assistance.
560.14(1)(b)4.
4. Businesses using the organization may obtain financial capital through a direct relationship with at least one financial institution.
560.14(1)(c)
(c) "Community-based organization" means an organization that is involved in economic development and helps businesses that are likely to employ persons.
560.14(1)(f)
(f) "Political subdivision" means a county, city, village or town.
560.14(1)(fm)
(fm) "Small business" means a business that has fewer than 100 full-time employees.
560.14(1)(h)
(h) "Technology-based incubator" means a facility that provides a new or expanding technically oriented business with all of the following:
560.14(2)(a)(a) The department may make a grant to a community-based organization or a political subdivision from the appropriation under
s. 20.143 (1) (fg) to do any of the following:
560.14(2)(a)1.
1. Enable a community-based organization or a political subdivision receiving a grant to develop a plan for diversifying the local or regional economy, attracting new businesses and jobs and promoting economic development.
560.14(2)(a)2.
2. Enable a community-based organization receiving a grant to provide assistance to businesses or entrepreneurs, if the department determines that the entrepreneur or business will provide jobs.
560.14(2)(a)3.
3. Enable a community-based organization receiving a grant to conduct a local economic development project.
560.14(2)(c)
(c) An individual grant under this subsection may not exceed $30,000.
560.14(2)(d)
(d) A grant under this subsection to a political subdivision or community-based organization may not exceed 75% of the total cost of the project for which the grant is made, unless the department determines that the area where the funds will be used is in extreme financial hardship. The department may consider in-kind contributions when determining the total cost of a project under this paragraph.
560.14(3)(a)(a) The department may make grants from the appropriation under
s. 20.143 (1) (fg) to a community-based organization to fund any of the following:
560.14(3)(a)1.
1. The operation of an existing business incubator or technology-based incubator.
560.14(3)(a)2.
2. Technical assistance in the process of starting a business incubator or technology-based incubator, including a feasibility study of the need for and the initial design of the incubator.
560.14(3)(a)3.
3. Starting, expanding or rehabilitating a business incubator or technology-based incubator.
560.14(3)(a)4.
4. The creation of a revolving loan fund for tenants of a business incubator or technology-based incubator.
560.14(3)(b)
(b) The department may not make a grant under this subsection unless all of the following apply:
560.14(3)(b)3.
3. The total amount of grants under this subsection to a community-based organization do not exceed 50% of the total cost of the project for which the grants are made, unless the department determines that the area where the funds will be used is in extreme financial hardship. The department may consider in-kind contributions when determining the total cost of a project under this subdivision.
560.14(3)(b)5.
5. The community-based organization receiving the grant provides a written policy relating to how stable, maturing businesses in the business incubator or technology-based incubator will establish themselves outside of the incubator within a reasonable period of time.
560.14(3)(c)
(c) In making a grant under this subsection, the department shall consider all of the following:
560.14(3)(c)1.
1. The potential of the business incubator or technology-based incubator to help start businesses.
560.14(3)(c)2.
2. The potential of the business incubator or technology-based incubator to provide employment opportunities.
560.14(3)(c)3.
3. How the unemployment rate in the area in which the business incubator or technology-based incubator is or will be located compares to the state average.
560.14(3)(c)4.
4. How the household income levels of persons residing in the area in which the business incubator or technology-based incubator is or will be located compare to the applicable median household income.
560.14(3)(c)5.
5. How the assessed value of real property in the most recent assessment in the area in which the business incubator or technology-based incubator is or will be located compares to the assessed value of that property in the assessment 2 years before the most recent assessment.
560.14(3)(c)6.
6. How the percentage of households receiving aid to families with dependent children under
s. 49.19 in the area in which the business incubator or technology-based incubator is or will be located compares to the percentage of households receiving aid to families with dependent children in the state.
560.14(3)(c)7.
7. The percentage of members of the workforce in a city, village or town in the area in which the business incubator or technology-based incubator is or will be located that were permanently laid off by their employer in the 18 months immediately preceding the application.
560.14(3)(c)8.
8. Whether the business incubator or technology-based incubator is or will be located in an area that has been designated as a development zone under
s. 560.71, a development opportunity zone under
s. 560.795 or an enterprise development zone under
s. 560.797.
560.14(3)(d)1.1. The proceeds of a grant under
par. (a) 1. or
3. may be used to defray salaries, fringe benefits and other personnel, administrative and operating costs of the business incubator or technology-based incubator.
560.14(3)(d)2.
2. The proceeds of a grant under
par. (a) 2. or
3. may be used to fund those salaries, fringe benefits and other personnel, administrative and operating costs of the community-based organization that are directly related to starting, expanding or rehabilitating a business incubator or technology-based incubator.
560.14(3)(e)
(e) Grants under this subsection may not exceed whichever of the following applies:
560.14(3)(f)
(f) The department may not do any of the following:
560.14(3)(f)1.
1. Make grants under
par. (a) 1. to fund the operation of a particular business incubator or technology-based incubator in more than 5 years.
560.14(3)(f)2.
2. Make more than 2 grants under
par. (a) 2. for a particular business incubator or technology-based incubator.
560.14(3)(f)3.
3. Make more than 2 grants under
par. (a) 3. for a particular business incubator or technology-based incubator.
560.14(3)(f)4.
4. Make more than 2 grants under
par. (a) 4. for a particular business incubator or technology-based incubator.
560.14(3m)
(3m) The department may make a grant from the appropriation under
s. 20.143 (1) (fg) to a community-based organization for the purpose of creating a revolving loan fund for making loans to small businesses. The department shall promulgate rules for the administration of the program under this subsection.
560.14(3r)(a)(a) The department may make a grant from the appropriation under
s. 20.143 (1) (fg) to a private, nonprofit foundation, including the National Foundation for Teaching Entrepreneurship to Handicapped and Disadvantaged Youth, or other private, nonprofit organizations if all of the following apply:
560.14(3r)(a)1.
1. The foundation or organization teaches business skills to economically disadvantaged or socially at-risk children.
560.14(3r)(a)2.
2. The grant proceeds will be used for costs associated with teaching the skills and developing the knowledge necessary to start and maintain a business enterprise.
560.14(3r)(b)
(b) The department shall promulgate rules for the administration of the program under this subsection.
560.14(4)
(4) The department may make a grant under this subsection from the appropriation under
s. 20.143 (1) (fg) to a community-based organization for regional economic development activity if all of the following apply:
560.14(4)(a)
(a) A political subdivision in the region in which the economic development activity will be conducted joins in the application for the grant with the community-based organization.
560.14(4)(b)
(b) The economic development activity is unique to or within the region.
560.14(4)(c)
(c) The economic development activity is consistent with any economic development policy or plan of the political subdivision.
560.14(4)(d)
(d) The economic development activity will likely stimulate investment in the region's economy or create or retain jobs in the region.
560.14(4)(e)
(e) The community-based organization will receive contributions from private sources and from political subdivisions in the region for the economic development activity. The contributions may be in cash or in kind.
