Chapter 238

CHAPTER 238

WISCONSIN ECONOMIC DEVELOPMENT CORPORATION

SUBCHAPTER I

GENERAL PROVISIONS

238.01   Definitions.

238.02   Creation and organization of corporation.

238.03   Duties of board.

238.04   Powers of board.

238.045   Establishment of nonprofit organization.

238.046   Private interest in public contract.

238.06   Liability limited.

238.07   Submission of annual reports to legislature.

238.08   Records of the corporation.

238.09   Procurement policies and procedures.

238.10   Allocation of volume cap on tax-exempt bonds.

238.11   Employment impact estimates.

238.115   Tax credit reporting.

238.12   Repayment of grants, loans, and tax benefits.

238.124   Loan limitations.

238.125   Notification of position openings; compliance.

238.127   State main street program.

238.13   Brownfields grant program.

238.133   Brownfield site assessment grants.

238.135   Grants to regional economic development organizations.

238.14   Talent recruitment grants.

238.143   Opportunity attraction and promotion.

238.145   Branch campus redevelopment grants.

238.15   Early stage business investment program.

238.155   Talent attraction and retention initiatives.

238.157   Organizing and hosting a Wisconsin nuclear power summit.

238.16   Jobs tax credit.

238.17   Historic rehabilitation tax credit.

238.25   Assistance to loan recipients.

238.26   Report to investment board.

238.28   Refundable tax credits.

238.29   Wisconsin-Ireland trade commission.

SUBCHAPTER II

TAX INCENTIVES FOR BUSINESS DEVELOPMENT

238.30   Definitions.

238.308   Business development tax credit.

238.309   Rail infrastructure tax credits.

238.396   Electronics and information technology manufacturing zone.

238.399   Enterprise zone.

238.40   Data centers.

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subch. I of ch. 238 SUBCHAPTER I

GENERAL PROVISIONS

238.01 238.01 Definitions. In this chapter, except as otherwise provided:

238.01(1) (1) “Board” means the board of directors of the corporation.

238.01(2) (2) “Corporation” means the Wisconsin Economic Development Corporation.

238.01(3) (3) “Economic development program” means a program or activity having the primary purpose of encouraging the establishment and growth of business in this state, including the creation and retention of jobs.

238.01 History History: 2011 a. 7.

238.02 238.02 Creation and organization of corporation.

238.02(1) (1) There is created an authority, which is a public body corporate and politic, to be known as the “Wisconsin Economic Development Corporation.” The members of the board shall consist of 6 members nominated by the governor, and with the advice and consent of the senate appointed, to serve at the pleasure of the governor; 4 members appointed by the speaker of the assembly to serve 4-year terms; one member appointed by the minority leader of the assembly to serve a 4-year term; 4 members appointed by the senate majority leader to serve 4-year terms; and one member appointed by the minority leader of the senate to serve a 4-year term. Neither the speaker of the assembly nor the senate majority leader may appoint more than 2 members of the legislature to the board. The secretary of administration and the secretary of revenue shall also serve on the board as nonvoting members. The board shall elect a chairperson from among its nonlegislative voting members. A vacancy on the board shall be filled in the same manner as the original appointment to the board for the remainder of the unexpired term, if any.

238.02(2) (2) A majority of the appointed members of the board currently serving constitutes a quorum for the purpose of conducting its business and exercising its powers and for all other purposes. Action may be taken by the board upon a vote of a majority of the appointed members present.

238.02(3) (3) A chief executive officer shall be nominated by the governor, and with the advice and consent of the senate appointed, to serve at the pleasure of the governor. The board may delegate to the chief executive officer any powers and duties the board considers proper. The chief executive officer shall receive such compensation as may be determined by the board.

238.02(4) (4) All powers and duties assigned to the corporation under this chapter shall be exercised or carried out by the board, unless the board delegates the power or duty to an employee of the corporation or a committee established by the board.

238.02 History History: 2011 a. 7, 32; 2015 a. 55; 2017 a. 369.

238.03 238.03 Duties of board.