CHAPTER 238
WISCONSIN ECONOMIC DEVELOPMENT CORPORATION
SUBCHAPTER I
GENERAL PROVISIONS
238.02 Creation and organization of corporation.
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.
238.143 Opportunity attraction and promotion.
238.145 Branch campus redevelopment grants.
238.15 Early stage business investment program.
238.155 Talent attraction and retention initiatives.
238.17 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
238.301 Certification for tax benefits.
238.302 Eligible activities.
238.303 Limits on tax benefits and claiming tax benefits.
238.304 Eligible activities in economically distressed areas and benefiting members of targeted groups.
238.3045 Transferability of tax benefits.
238.305 Revocation of certification.
238.306 Responsibilities of the corporation.
238.308 Business development tax credit.
238.31 Designation of development zone.
238.315 Invitation to nominate area.
238.32 Application by local governing bodies.
238.325 Evaluation by corporation.
238.335 Boundaries and size of development zones.
238.34 Change in boundary and size of development zones.
238.345 Duration, renewal and expiration.
238.35 Additional duties of the corporation.
238.363 Duties of local governing bodies.
238.365 Certification for tax benefits.
238.368 Limits on tax benefit to certified person.
238.37 Revocation of certification.
238.38 Certification prohibited in certain cases.
238.385 Rules on eligibility for tax benefits.
238.395 Development opportunity zones.
238.396 Electronics and information technology manufacturing zone.
238.397 Enterprise development zone program.
238.398 Agricultural development zone.
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.
238.03
238.03
Duties of board. 238.03(1)(1)
The board shall develop and implement economic programs to provide business support and expertise and financial assistance to companies that are investing and creating jobs in Wisconsin and to support new business start-ups and business expansion and growth in Wisconsin. The board may also develop and implement any other programs related to economic development in Wisconsin.
238.03(2)
(2) For each program developed and implemented by the board, the board shall do all of the following:
238.03(2)(a)
(a) Establish clear and measurable goals for the program that are tied to statutory or programmatic policy objectives.
238.03(2)(b)
(b) Establish at least one quantifiable benchmark for each program goal described in par.
(a).
238.03(2)(c)
(c) Require that each recipient of a grant, loan award, or tax credit under the program submit a report to the corporation. Each contract with a recipient of a grant, loan award, or tax credit under the program must specify the frequency and format of the report to be submitted to the corporation and the performance measures to be included in the report. Each recipient shall submit a statement to the corporation signed by the recipient or the director or principal officer of the recipient attesting to the accuracy and truthfulness of the information.
238.03(2)(d)
(d) Establish a method for evaluating the projected results of the program with actual outcomes as determined by evaluating the information described in pars.
(a) and
(b).