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:
560.65(3)(a)(a) Subject to
sub. (4), the board may award a grant or loan not exceeding $25,000 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 investigating the feasibility of any of the activities under
sub. (1m) (a) 1. to
3.
560.65(3)(b)
(b) A recipient may use the proceeds of a grant or loan under this subsection for any of the following:
560.65(4)
(4) Before making a grant or loan under this section the board shall consider all of the following:
560.65(4)(b)
(b) The likelihood that the project will be completed.
560.65(4)(c)
(c) If the grant or loan is for a project relating to the processing of postconsumer waste, whether there is or is likely to be a market for the processed materials.
560.65(4)(d)
(d) Whether the project is in the best interest of the state in order to do any of the following:
560.65(4)(d)2.
2. Protect, maintain and improve the quality and management of the waters of the state.
560.65(4)(d)3.
3. Protect, maintain and improve the quality of the air and of the natural environment.
560.65(5)(a)(a) The board may not award a grant or loan under this section after July 1, 1997.
560.65(5)(b)
(b) The department shall deposit in the recycling fund all moneys received after July 1, 1995, in repayment of loans made under this section.
560.66
560.66
Major economic development projects. 560.66(1)
(1) The board may award grants and loans under
s. 560.61 to eligible recipients for any project that is not eligible for a grant or loan under
s. 560.62 or
560.63, if the board determines that the project is a major economic development project and considers all of the following:
560.66(1)(a)
(a) The number of jobs which the major economic development project will cause to be retained or increased in a political subdivision.
560.66(1)(b)
(b) The value of the capital investment which the eligible recipient will make in the major economic development project.
560.66(1)(c)
(c) The value of the expenditures required for local infrastructure relating to the major economic development project.
560.66(1)(d)
(d) The immediate and continuing effects of the major economic development project upon the affected political subdivisions within which it will be located.
560.66(2)
(2) In awarding grants and loans under this section, the board may consider the effects of the project upon jobs, school, transportation and law enforcement services and facilities.
560.66 Cross-reference
Cross Reference: See also s.
Comm 106.80, Wis. adm. code.
560.68(2)(2) The department, in cooperation with the board, shall actively encourage small businesses to apply for grants and loans under this subchapter by ensuring that there are no undue impediments to their participation and by assisting small businesses in preparing grant and loan applications.
560.68(3)
(3) The department may charge a grant or loan recipient an origination fee of up to 2% of the grant or loan amount if the grant or loan exceeds $200,000 and is awarded under
s. 560.63 or
560.66. The department shall deposit all origination fees collected under this subsection in the appropriation account under
s. 20.143 (1) (gm).
560.68(4)
(4) The board shall develop a policy relating to obtaining reimbursement of grants and loans provided under this subchapter. The policy may provide that reimbursement shall be obtained through full repayment of the principal amount of the grant or loan plus interest, through receipt of a share of future profits from or an interest in a product or process, or through any other appropriate means.
560.68(5)
(5) The department, with the approval of the board, shall develop procedures to evaluate applications, monitor project performance and audit grants and loans awarded under this subchapter.
560.68(5m)
(5m) The department, with the approval of the board, shall establish and implement procedures for monitoring the use of grants and loans awarded under this subchapter, including procedures for verification of economic growth, job creation and the number and percentage of newly created jobs for which state residents are hired.
560.68(6)
(6) If appropriate, the board may require that more than 25% of the cost of any project or category of projects be paid from funds not provided by this state.
560.68(7)
(7) The department, in cooperation with the board, shall encourage small businesses to apply for grants and loans under this subchapter by ensuring that there are no undue impediments to their participation and by actively encouraging small businesses to apply for grants and loans. The department shall do all of the following:
