560.147(2)(a)(a) Loans under this section may be used only for any of the following purposes:
560.147(2)(a)2.
2. The purchase of land, an existing building, machinery or equipment.
560.147(2)(b)
(b) The purpose of the renovation, purchase or construction under
par. (a) must be to foster economic development in the area of the project.
560.147(3)
(3) Report on use of proceeds. A person receiving a loan under this section shall submit to the department, within 6 months after spending the full amount of the loan, a report detailing how the loan proceeds were used.
560.147(4)
(4) Limit on loans. The department may not award in a fiscal biennium more than $2,000,000 in loans under this section.
560.147(5)
(5) Deposit of repayments. The department shall deposit in the appropriation account under
s. 20.143 (1) (ie) all moneys received in repayment of loans under this section.
560.147 History
History: 1997 a. 237.
560.15
560.15
Economic adjustment program. 560.15(1)
(1) The department, with the advice and assistance of the community response committees created under
sub. (3), and in cooperation with the department of workforce development, shall perform the responsibilities under
sub. (2) if the following conditions are met:
560.15(1)(a)
(a) A business, regardless of its size or form of organization, is considering ceasing its operations or has decided to cease its operations or has ceased its operations at any place of business located in this state; is considering laying off or has decided to lay off or has laid off, whether permanently or temporarily, any of its employees at any place of business located in this state.
560.15(1)(b)
(b) The department has received notification of an act by a business under
par. (a) from any of the following:
560.15(1)(b)4.
4. An employee of the business or a former employee laid off by an act under
par. (a).
560.15(1)(b)6.
6. A small business development center of the University of Wisconsin System.
560.15(1)(b)7.
7. A faculty member of the University of Wisconsin-Extension.
560.15(1)(b)8.
8. An economic development coordinator of a technical college.
560.15(2)
(2) Upon notification of an act by a business under
sub. (1), the department shall provide assistance, or provide referrals to other persons or arrange and coordinate assistance from other persons, including federal, state or local governmental units, agencies or programs, other businesses, service organizations, educational institutions and financial institutions, to the following persons for the following purposes and upon the following conditions:
560.15(2)(a)
(a) A business which has performed an act under
sub. (1) (a), for the purpose of enabling continued or renewed operation of the business or avoiding or rescinding temporary or permanent layoffs, if the business requests or chooses to accept the assistance of the department.
560.15(2)(b)
(b) One or more employees of a business, or former employees laid off by an act under
sub. (1) (a), if the business has performed an act under
sub. (1) (a), for the purpose of retraining the employees or former employees, matching their skills with jobs for other employers or accomplishing the transfer of ownership, control or management of a business which has decided to or has ceased operations to employees or former employees, members of the community or others, if one or more employees or former employees request or choose to accept the assistance of the department.
560.15(2)(c)
(c) A business or one or more employees of a business or former employees laid off by an act under
sub. (1) (a), if the business has performed an act under
sub. (1) (a), for any of the purposes set forth in
pars. (a) and
(b), if the business and one or more employees or former employees request or choose to accept the assistance of the department.
560.15(2)(d)
(d) A business or one or more former employees of a business laid off by an act under
sub. (1) (a) or one or more employees of a business, if the business has performed an act under
sub. (1) (a), for the purpose of informing the business, former employees or employees of their rights and opportunities under
s. 560.16.
560.15(3)(a)(a) If a business, or one or more employees of a business or former employees laid off by an act under
sub. (1) (a), request or accept assistance under
sub. (2), the department shall send written notice thereof to the chief executive officer of the village, town or city where the business has or had its place of business.
560.15(3)(b)
(b) A chief executive officer receiving notification under
par. (a), after consultation with the business affected, may create a community response committee which shall consist of the following members to be appointed by and serve at the pleasure of the chief executive officer:
560.15(3)(b)1.
1. A representative from the business if the business requests or accepts assistance under
sub. (2).
560.15(3)(b)2.
2. A representative from the employees of the business or former employees laid off by an act under
sub. (1) (a), if one or more employees or former employees request or accept assistance under
sub. (2).
560.15(3)(b)3.
3. A representative from the village, town, city or county where the business has or had its place of business.
560.15(3)(b)4.
4. A representative from a local economic development organization.
560.15(3)(c)
(c) A committee created under
par. (b) may appoint additional members to serve at the pleasure of the committee, or may otherwise request assistance from any persons, including representatives from any of the following:
560.15(3)(c)2.
2. A local campus of the University of Wisconsin System.
560.15(3)(c)3.
3. A county office of the University of Wisconsin-Extension.
560.15(3)(c)5.
5. A regional small business development center of the University of Wisconsin System.
560.15(3)(c)6.
6. A district office of the department of workforce development.
560.15(3)(d)
(d) Each community response committee shall advise and assist the department in the performance of its responsibilities under this section.
560.15(4)
(4) All records received or created for the purposes of this section shall be closed to public inspection if the department, a chief executive officer of a village, town or city or a community response committee determines that public inspection of the records could adversely affect the business, its employees or former employees.
560.15(5)
(5) Each employee of the department, and each member of the community response committee, and each chief executive officer of a village, town or city and employees of his or her office shall keep secret all facts and information obtained in the course of performing their responsibilities under this section. This subsection does not prohibit the public inspection of records to the extent permitted under
sub. (4) nor meetings in open session to the extent permitted under
s. 19.85 (1) (i).
560.155
560.155
Business employees' skills training grant program. 560.155(1)(1) Subject to
sub. (2), the department may award a grant to a business if all of the following apply:
560.155(1)(a)
(a) The business is located in this state and satisfies any of the following criteria:
560.155(1)(a)2.
2. The business had no more than $2,500,000 in gross annual income in the year preceding the year in which the business receives the grant.
560.155(1)(b)
(b) The business has been in compliance with
s. 77.58 for at least 6 months before applying for the grant.
560.155(1)(c)
(c) The business agrees in writing to use the grant only to provide skills training or other education related to the needs of the business to current or prospective employees of the business.
560.155(1)(e)
(e) The business submits a plan to the department detailing the proposed use of the grant, and the secretary approves the plan.
560.155(1)(f)
(f) The business enters into a written agreement with the department that specifies the conditions for the use of the grant, including reporting and auditing requirements.
560.155(1)(g)
(g) The business agrees in writing to submit to the department the report required under
sub. (3) by the time required under
sub. (3).
560.155(2)(a)(a) The department may not award a business more than $10,000 in grants under this section.
560.155(2)(b)
(b) In awarding grants under this section, the department shall give preference to all of the following:
560.155(2)(b)1.
1. Businesses in industries with especially severe labor shortages.
560.155(2)(b)2.
2. Businesses in industries that the department determines are especially adversely affected by any federal requirements or policies.
560.155(2)(b)3.
3. Businesses that conduct economic activity in areas designated as development zones under
s. 560.71 or that conduct projects in areas designated as enterprise development zones under
s. 560.797.
560.155(2)(c)
(c) The department may not award more than $500,000 in grants under this section in fiscal year 2000-01.
560.155(2)(d)1.1. A grant under this section may not be used to pay more than 80% of the cost of any skills training or other education related to the needs of the recipient business that is provided to the owner of the business, the owner's spouse or a child of the owner.
560.155(2)(d)2.
2. A grant under this section may not be used to pay wages or compensate for lost revenue, if any, in connection with providing the training or other education, or otherwise.
560.155(3)
(3) A business that receives a grant under this section shall submit to the department, within 6 months after spending the full amount of the grant proceeds, a report detailing how the grant proceeds were used.
560.155(4)
(4) No later than January 31, 2002, the department shall submit to the legislature under
s. 13.172 (2) a report on the operation and effectiveness of the grant program under this section.
560.155 History
History: 1999 a. 177.
560.16
560.16
Employee ownership assistance grants. 560.16(1)(a)
(a) "Board" means the development finance board.
560.16(1)(b)
(b) "Business" means an employee-owned business or an existing business which is the subject of an application for a grant under this section.
560.16(1)(c)
(c) "Employee-owned business" means a business located in this state which is organized in a manner determined by the secretary to involve substantial employee participation or a cooperative organized under
ch. 185 or a corporation in which the employees own the stock of the corporation through an employee stock ownership plan as defined under
26 USC 4975 (e) (7) and in which:
560.16(1)(c)1.
1. A majority of the voting rights are held by employees and any employee who has stock allocated to the employee is entitled to vote;
560.16(1)(c)2.
2. Shares are voted in such a manner that the vote of the majority of employees controls the vote of the majority of shares;
560.16(1)(c)3.
3. Voting rights on corporate matters for shares held in a trust for the employees shall pass through to those employees, at least to the extent required by the pass-through voting requirements under
26 USC 409A (e); and
560.16(1)(c)4.
4. The majority of the members of the board of directors are elected by the employees.
560.16(1)(e)
(e) "Existing business" means the assets of any business that is located in this state and that is operating or has ceased operating.
560.16(1)(f)
(f) "Existing business group" means a group formed by or on behalf of the current or former employees of an existing business that is considering layoffs or a closing or that has experienced layoffs or a closing for the purpose of determining the feasibility of assuming ownership or control of the existing business and operating it as an employee-owned business.
560.16(1)(h)
(h) "Professional services" includes, but is not limited to, accounting services, engineering studies, design assistance, architectural services, appraisal services, marketing assistance, attorney services, financial packaging and employee relations services.
560.16(2)
(2) Employee ownership assistance grants. 560.16(2)(a)(a) From the appropriations under
s. 20.143 (1) (c) and
(ie), the department may make grants to existing business groups for a feasibility study to investigate the reorganization or new incorporation of an existing business as an employee-owned business and for professional services to implement the study.
560.16(2)(b)
(b) The department may not make a grant under this section unless the board has approved the grant under this section or requested the department to make the grant under
s. 560.61 (3).
560.16(2)(c)
(c) The board may not approve a grant under this section unless the board has considered all of the following:
560.16(2)(c)1.
1. The number of employees affected by the considered or actual closing or layoff by the business.
560.16(2)(c)3.
3. The economic impact of the considered or actual closing or layoff by the business on the community, region or state.
560.16(2)(c)4.
4. A preliminary assessment of the viability of the employee-owned business or proposed employee-owned business and, in the case of a proposed employee-owned business, the potential for a successful buy out by the group.
560.16(2)(d)
(d) The board may approve a grant regardless of the number of employees laid off or to be laid off by the business or, if the business is closed, the length of time that it has been closed.
