560.135(1)(e)
(e) "Local development corporation" means any of the following:
560.135(1)(e)1.
1. The elected governing body of a federally recognized American Indian tribe or band in this state or any business created by the elected governing body.
560.135(1)(e)2.
2. A nonprofit corporation organized under
ch. 181 that does all of the following:
560.135(1)(e)2.b.
b. Promotes the economic development within the specific geographic area.
560.135(2)
(2) Subject to
subs. (3) and
(4), the board may award a grant or loan for the purpose specified to any of the following entities located in an area affected by mining:
560.135(2)(a)
(a) A business, to finance costs associated with start-up, maintenance or expansion in an area affected by mining.
560.135(2)(b)
(b) A city, village, town or county, to develop an economic diversification plan.
560.135(2)(c)
(c) A city, village, town, county, community-based organization or local development corporation, to establish a local revolving loan fund to finance businesses that will create long-term employment opportunities.
560.135(2)(d)
(d) A community-based organization or local development corporation, to conduct a local economic development project that will create long-term employment opportunities and to provide assistance to businesses or entrepreneurs.
560.135(2)(e)
(e) A business, to obtain professional services related to the start-up, maintenance or expansion of the business, including assistance with feasibility studies or financial and marketing plans and managerial assistance after start-up or expansion.
560.135(3)
(3) The board may not award a grant or loan under
sub. (2) if the proceeds will be used to establish or expand a business that is solely dependent on mining activity.
560.135(5)
(5) In awarding grants and loans under
sub. (2), the board shall consider all of the following:
560.135(5)(b)
(b) Whether the project will be located in a targeted area, as determined by the board after considering the factors under
s. 560.605 (2m) (a) to
(h).
560.135(5)(c)
(c) The extent to which the business or other entity assisted by the project is likely to provide stable, long-term employment opportunities to reduce the dependence of the area on mining.
560.135(7)
(7) The department, with the approval of the board, shall promulgate rules establishing policies and standards for awarding grants and loans under
sub. (2), consistent with policies and standards established under the rules required under
s. 560.602. The department shall promulgate rules regarding the application processes for grants and loans under
sub. (2) and for loans made from revolving loan funds established with proceeds awarded under
sub. (2) (c).
560.135 History
History: 1997 a. 27.
560.135 Cross-reference
Cross Reference: See also ch.
Comm 119, Wis. adm. code.
560.137
560.137
Gaming economic development grants and loans. 560.137(1)(a)
(a) "Native American business" means a sole proprietorship, partnership, limited liability company, joint venture or corporation that is at least 51% owned, controlled and actively managed by a member or members of a federally recognized American Indian tribe or band in this state.
560.137(1)(c)
(c) "Qualified business" means an existing or start-up business, including a Native American business, that is located in this state.
560.137(2)(a)1.
1. Make a grant that does not exceed $15,000 to a qualified business for professional services.
560.137(2)(a)2.
2. Make a grant or loan that does not exceed $100,000 to a qualified business for fixed asset financing.
560.137(2)(bm)
(bm) The department may not make a grant or loan to a qualified business under this subsection unless the department determines all of the following:
560.137(2)(bm)1.
1. That the qualified business has been negatively impacted by the existence of a casino.
560.137(2)(bm)2.
2. That the qualified business has a legitimate need for the grant or loan to improve the profitability of the business.
560.137(2)(c)
(c) As a condition of approval of a grant or loan under this subsection, the department shall require that the qualified business provide matching funds for at least 25% of the cost of the project. The department may waive the requirement under this paragraph if the department determines that the qualified business is subject to extreme financial hardship.
560.137(2)(d)
(d) The department may not award a grant or loan under this subsection to a qualified business for any purpose that is related to tourism unless the department of tourism concurs in the award.
560.137(2)(e)1.1. The department shall deposit into the appropriation account under
s. 20.143 (1) (ig) all moneys received in repayment of loans made under this subsection.
560.137(2)(e)2.
2. The department may forgive all or any part of a loan made under this subsection.
560.137(3m)
(3m) From the appropriation under
s. 20.143 (1) (kj), the department shall make grants to Oneida Small Business, Inc., and Project 2000 for the purpose of providing grants and loans to businesses. To be eligible for a grant or loan from proceeds under this subsection, a business must be located in this state in a county that contains or that is adjacent to any portion of an Oneida reservation and must satisfy any of the following criteria:
560.137(3m)(b)
(b) The business, together with any affiliate, subsidiary, or parent entity, has fewer than 50 employees.
560.137(3m)(c)
(c) The business is at least 51% owned, controlled, and actively managed by a member or members of the Oneida tribe.
560.137 History
History: 1999 a. 9;
2001 a. 16.
560.138
560.138
Gaming economic diversification grants and loans. 560.138(1)(an)
(an) "Native American business" means a sole proprietorship, partnership, limited liability company, joint venture or corporation that is at least 51% owned, controlled and actively managed by a member or members of a federally recognized American Indian tribe or band in this state.
560.138(1)(b)
(b) "Qualified business" means an existing or start-up business, including a Native American business, that is located in or expanding into this state.
560.138(1)(c)
(c) "Remediating brownfields" means abating, removing, or containing environmental pollution at a brownfields facility or site, or restoring soil or groundwater at a brownfields facility or site.
560.138(2)(a)(a) Subject to
subs. (3) and
(4), from the appropriations under
s. 20.143 (1) (ig) and
(kj), the department may make a grant or loan to a qualified business for a project for any of the following purposes:
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.
