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.
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.
