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.
560.14(3)(c)5. 5. How the assessed value of real property in the most recent assessment in the area in which the business incubator or technology-based incubator is or will be located compares to the assessed value of that property in the assessment 2 years before the most recent assessment.
560.14(3)(c)6. 6. How the percentage of households receiving aid to families with dependent children under s. 49.19 in the area in which the business incubator or technology-based incubator is or will be located compares to the percentage of households receiving aid to families with dependent children in the state.
560.14(3)(c)7. 7. The percentage of members of the workforce in a city, village or town in the area in which the business incubator or technology-based incubator is or will be located that were permanently laid off by their employer in the 18 months immediately preceding the application.
560.14(3)(c)8. 8. Whether the business incubator or technology-based incubator is or will be located in an area that has been designated as a development zone under s. 560.71, a development opportunity zone under s. 560.795 or an enterprise development zone under s. 560.797.
560.14(3)(d) (d)
560.14(3)(d)1.1. The proceeds of a grant under par. (a) 1. or 3. may be used to defray salaries, fringe benefits and other personnel, administrative and operating costs of the business incubator or technology-based incubator.
560.14(3)(d)2. 2. The proceeds of a grant under par. (a) 2. or 3. may be used to fund those salaries, fringe benefits and other personnel, administrative and operating costs of the community-based organization that are directly related to starting, expanding or rehabilitating a business incubator or technology-based incubator.
560.14(3)(e) (e) Grants under this subsection may not exceed whichever of the following applies:
560.14(3)(e)1. 1. For a grant under par. (a) 1., $30,000 in any year.
560.14(3)(e)2. 2. For a grant under par. (a) 2., $10,000 in any year.
560.14(3)(e)3. 3. For a grant under par. (a) 3., $100,000 in any year.
560.14(3)(e)4. 4. For a grant under par. (a) 4., $50,000 in any year.
560.14(3)(f) (f) The department may not do any of the following:
560.14(3)(f)1. 1. Make grants under par. (a) 1. to fund the operation of a particular business incubator or technology-based incubator in more than 5 years.
560.14(3)(f)2. 2. Make more than 2 grants under par. (a) 2. for a particular business incubator or technology-based incubator.
560.14(3)(f)3. 3. Make more than 2 grants under par. (a) 3. for a particular business incubator or technology-based incubator.
560.14(3)(f)4. 4. Make more than 2 grants under par. (a) 4. for a particular business incubator or technology-based incubator.
560.14(3m) (3m) The department may make a grant from the appropriation under s. 20.143 (1) (fg) to a community-based organization for the purpose of creating a revolving loan fund for making loans to small businesses. The department shall promulgate rules for the administration of the program under this subsection.
560.14(3r) (3r)
560.14(3r)(a)(a) The department may make a grant from the appropriation under s. 20.143 (1) (fg) to a private, nonprofit foundation, including the National Foundation for Teaching Entrepreneurship to Handicapped and Disadvantaged Youth, or other private, nonprofit organizations if all of the following apply:
560.14(3r)(a)1. 1. The foundation or organization teaches business skills to economically disadvantaged or socially at-risk children.
560.14(3r)(a)2. 2. The grant proceeds will be used for costs associated with teaching the skills and developing the knowledge necessary to start and maintain a business enterprise.
560.14(3r)(b) (b) The department shall promulgate rules for the administration of the program under this subsection.
560.14(4) (4)