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:
560.68(7)(a)
(a) Publish and disseminate information about the projects under
ss. 560.62 to
560.66 and the procedures for applying for grants and loans.
560.68(7)(b)
(b) Simplify the application and review procedures for small businesses so that they will not impose unnecessary administrative burdens on small businesses.
560.68(7)(c)
(c) Assist small businesses in preparing applications for grants and loans.
560.685
560.685
Rules. The department may not promulgate a rule under this subchapter without first considering the recommendations of the board regarding the proposed rule.
560.685 History
History: 1987 a. 27.
DEVELOPMENT ZONE PROGRAM
Subch. VI of ch. 560 Cross-reference
Cross Reference: See also s.
Comm 112.01, Wis. adm. code.
560.70(1)
(1) "Business incubator" means a person who operates a facility designed to encourage the growth of new businesses, if at least 2 of the following apply:
560.70(1)(a)
(a) Space in the facility is rented at a rate lower than the market rate in the community.
560.70(1)(b)
(b) Shared business services are provided in the facility.
560.70(1)(c)
(c) Management and technical assistance are available at the facility.
560.70(1)(d)
(d) Businesses using the facility may obtain financial capital through a direct relationship with at least one financial institution.
560.70(2)
(2) "Development zone program" means the program administered under this subchapter.
560.70(2m)
(2m) "Full-time job" means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays, and for which the individual receives pay that is equal to at least 150% of the federal minimum wage and benefits that are not required by federal or state law. "Full-time job" does not include initial training before an employment position begins.
560.70(4)
(4) "Local governing body" means the governing body of one or more cities, villages, towns or counties or the elected governing body of a federally recognized American Indian tribe or band in this state.
560.70(5)
(5) "Metropolitan statistical area" means a federal standard metropolitan statistical area but does not include areas located within Indian reservations.
560.71
560.71
Designation of development zone. 560.71(1)
(1) The department may designate an area as a development zone if all of the following apply:
560.71(1)(ac)
(ac) The department has invited a local governing body to nominate the area under
s. 560.715.
560.71(1)(b)
(b) The department has evaluated the local governing body's application as described in
s. 560.725.
560.71(1)(e)
(e) The department determines all of the following:
560.71(1)(e)1.
1. That designation of the area as a development zone will serve a public purpose.
560.71(1)(e)2.
2. That designation of the area as a development zone will likely retain or increase employment in the area.
560.71(1)(e)3.
3. That economic development in the area is not likely to occur or continue without the department's designation of the area as a development zone.
560.71(1)(e)4.
4. That the area meets at least 3 of the following criteria:
560.71(1)(e)4.a.
a. The unemployment rate in the area is higher than the state average for the 18 months immediately preceding the date on which the application under
s. 560.72 (2) or
(3) was submitted to the department.
560.71(1)(e)4.b.
b. The percentage of persons residing in the area who are members of households with household income levels at or below 80% of the statewide median household income is higher than the state average.
560.71(1)(e)4.c.
c. The percentage of households in the area receiving unemployment insurance under
ch. 108, relief funded by a relief block grant under
ch. 49 or aid to families with dependent children under
s. 49.19 is higher than the state average.
560.71(1)(e)4.d.
d. In the 36 months immediately preceding the date on which the application under
s. 560.72 (2) or
(3) was submitted to the department, a number of workers in the area were permanently laid off by their employer or became unemployed as a result of a business action subject to
s. 109.07 (1m).
560.71(1)(e)4.e.
e. An employer in the vicinity of the area has given public notice under
s. 109.07 (1m) of either a business closing or a mass layoff of at least 25 employees, or 25% of the employees, of a business, whichever is greater, that will result in a number of workers in the area being laid off permanently.
560.71(1m)
(1m) In making a determination under
sub. (1) (e), the department shall consider all of the following:
560.71(1m)(a)
(a) The extent of poverty, unemployment or other factors contributing to general economic hardship in the area.
560.71(1m)(b)
(b) The prospects for new investment and economic development in the area.
560.71(1m)(c)
(c) The amount of investment that is likely to result from the designation of the area as a development zone.
560.71(1m)(d)
(d) The number of full-time jobs that are likely to be created or retained in the area as a result of its designation as a development zone.
560.71(1m)(e)
(e) The number of full-time jobs that are likely to be available to the target population as a result of the designation of the area as a development zone.
560.71(1m)(f)
(f) The competitive effect of designating the area as a development zone on other businesses in the vicinity of the area.
560.71(1m)(h)
(h) Any other factors that the department considers relevant.
