560.605(1)
(1) The board may award a grant or loan under
s. 560.61 upon the receipt and consideration of an application by an eligible recipient for a project under
ss. 560.62 to
560.66, if the board determines all of the following:
560.605(1)(b)
(b) The project will retain or increase employment in this state.
560.605(1)(c)
(c) The project is not likely to occur without the grant or loan.
560.605(1)(d)
(d) Financing is unavailable from any other source on reasonably equivalent terms.
560.605(1)(e)
(e) Except as provided in
s. 560.68 (6), the eligible recipient receiving the grant or loan will contribute, from funds not provided by this state, not less than 25% of the cost of the project.
560.605(1)(h)
(h) The project will not displace any workers in this state.
560.605(2)
(2) The board shall consider all of the following before awarding a grant or loan to an eligible recipient for a project under
s. 560.62,
560.63 or
560.66:
560.605(2)(a)
(a) The extent to which the project will retain or increase employment in this state.
560.605(2)(b)
(b) The extent to which the project will contribute to the economic growth of this state and the well-being of the residents of this state.
560.605(2)(c)
(c) Whether the project will be located in an area of high unemployment or low average income.
560.605(2)(e)
(e) The intention of the eligible recipient to repay the grant or loan.
560.605(2)(f)
(f) Whether the project will be located in a targeted area.
560.605(2m)
(2m) When considering whether a project under
s. 560.62,
560.63 or
560.66 will be located in a targeted area, the board shall consider all of the following:
560.605(2m)(b)
(b) Whether the area has a low median household income.
560.605(2m)(c)
(c) Whether there is a high percentage of households in the area receiving aid to families with dependent children under
s. 49.19.
560.605(2m)(d)
(d) Whether there has been a significant decline in the population in the area.
560.605(2m)(e)
(e) Whether property values in the area have been declining.
560.605(2m)(f)
(f) Whether a significant number of workers in the area have been permanently laid off by their employers or whether public notice has been given by an employer of either a plant closing or a substantial reduction in work force that will result in a significant number of workers in the area being laid off permanently.
560.605(2m)(g)
(g) Whether the area is designated as a development zone under
s. 560.71 or as an enterprise development zone under
s. 560.797.
560.605(2m)(h)
(h) Any other factor the board considers to be an appropriate indicator of a targeted area.
560.605(4)
(4) The board shall give priority for grants or loans under this section to eligible recipients that certify that they use or will use techniques or processes that reduce or eliminate the use of ozone-depleting substances that are listed as class I substances under
42 USC 7671a.
560.605(5)
(5) The board shall give more favorable terms on loans and grants awarded to projects that will be located in targeted areas than to loans and grants awarded to projects that will not be located in targeted areas.
560.605(5m)
(5m) The board shall give priority for grants or loans under this section to eligible recipients that certify that they give priority or will give priority in hiring employees to recipients of aid to families with dependent children under
s. 49.19.
560.605(6)
(6) The board shall give priority for grants or loans under this section for projects related to brownfields redevelopment.
560.607
560.607
Miscellaneous and administrative expenditures. In each biennium, the department may expend or encumber up to a total of 1% of the moneys appropriated under
s. 20.143 (1) (c) for that biennium for any of the following:
560.607(1)
(1) Evaluations of proposed technical research projects under
s. 560.62.
560.607(2)
(2) Grants to small businesses for preparing proposals for the federal small business innovative research program under
15 USC 638.
560.607(3)
(3) Evaluation costs, collection costs, foreclosure costs and other costs associated with administering the loan portfolio under this subchapter, excluding staff salaries.
560.607 History
History: 1999 a. 9 ss.
2993,
2996.
560.61
560.61
Wisconsin development fund. At the request of the board, the department shall do all of the following:
560.62
560.62
Technology development grants and loans. 560.62(1)(1) The board may award any of the following under
s. 560.61 to any of the following for any of the following purposes:
560.62(1)(a)
(a) A technology development grant or loan to a business or consortium to fund technical research intended to result in the development of a new, or the improvement of an existing, industrial product or process.
560.62(1)(b)
(b) A technology development loan to a business to provide working capital or fixed asset financing for the development of the infrastructure of the business or for the initial commercialization of a new industrial product or process. A business that receives a loan under this paragraph may use the proceeds only to pay costs related to the production, marketing or sales of a new or improved industrial product or process.
560.62(2)
(2) The board may not award a technology development grant or loan under
sub. (1) (a) unless the business or consortium seeking the grant or loan first enters into a written agreement regarding all of the following:
560.62(2)(a)
(a) The ownership of any patents or licenses which result from the technical research.
560.62(2)(b)
(b) Dissemination of information relating to the technical research.
560.62(2)(c)
(c) Responsibilities of persons conducting the technical research.
560.62 Cross-reference
Cross Reference: See also s.
Comm 106.60, Wis. adm. code.
560.63
560.63
Customized labor training grants and loans. 560.63(1)(1) The board may award a grant or loan under
s. 560.61 to a business to fund a labor training program that provides state residents with job training in technology, industrial skills or manufacturing processes that are new to the business and in which advances have been made, as determined by the board, or with job training in other employment-related skills or techniques in which advances have been made, as determined by the board, in order to meet the staffing needs of the business. The board may not award a grant or loan to fund a labor training program if the training is fairly readily available, in the board's determination, through existing federal, state or local resources except as provided in
sub. (4).
560.63(2)
(2) Any business requesting a customized labor training grant or loan shall guarantee to the board that the business shall provide a job in this state to all persons who successfully complete the labor training program funded by the grant or loan.
560.63(3)
(3) The board may not award a customized labor training grant or loan to finance any of the following costs incurred by a technical college district or by a public secondary or postsecondary institution:
560.63(3)(a)
(a) The cost, incurred before the beginning of the labor training program, of recruiting program instructors.
560.63(3)(b)
(b) The cost of developing a labor training program curriculum.
560.63(3)(c)
(c) The cost of recruiting, screening and counseling program trainees.
560.63(3)(e)
(e) The cost of renting instructional equipment and training facilities owned or leased by the district or institution, unless the equipment or facilities are rented only for the customized labor training program.
560.63(4)
(4) The contribution required under
s. 560.605 (1) (e) may consist of funding or of in-kind contributions. Not more than 20% of the contribution of a business may consist of funding which the business receives under the federal Workforce Investment Act of 1998,
29 USC 2801 to
2945.
560.63 Cross-reference
Cross Reference: See also s.
Comm 106.40, Wis. adm. code.
560.65
560.65
Technology and pollution control and abatement grants and loans. 560.65(1m)(a)(a) Subject to
sub. (4), the board may award a grant or loan not exceeding $750,000 under
s. 560.61 to a new or expanding business, a municipality or other public entity, a nonprofit organization or an entity organized by a group of any of those entities for any of the following:
560.65(1m)(a)1.
1. The production of a product made from one or more materials recovered from postconsumer waste or industrial waste.
560.65(1m)(a)2m.
2m. Technical research intended to result in the development of a new process, or the improvement of an existing process, for processing postconsumer waste or industrial waste.
560.65(1m)(a)3.
3. The development, construction, purchase or operation of a facility or equipment to do any of the following:
560.65(1m)(a)3.c.
c. To abate or eliminate air pollution or pollution of the waters of the state that originates from property that is not used to grow agricultural products for sale.
560.65(1m)(a)3.d.
d. To reduce emissions of volatile organic compounds from a stationary source owned or operated by the applicant in a nonattainment area or volatile organic compound accommodation area.
560.65(1m)(b)
(b) A recipient may use the proceeds of a loan under this subsection for technical research, capital expenses or working capital expenses.
560.65(2)(a)(a) Subject to
sub. (4), the board may award a grant or loan not exceeding $100,000 under
s. 560.61 to a new or expanding business, a municipality or other public entity, a nonprofit organization or an entity organized by a group of any of those entities for any of the activities under
sub. (1m) (a) 1. to
3.
560.65(2)(b)
(b) A recipient may use the proceeds of a grant or loan under this subsection for any of the following:
