560.17(5m)(b)1. 1. Working capital.
560.17(5m)(b)2. 2. Fixed asset financing.
560.17(5m)(b)3. 3. Employee relocation costs.
560.17(5m)(bm) (bm) If a business receives a grant or loan under this subsection for the purpose specified in par. (b) 3., the department shall ensure that an employee of the business has the option of accepting or declining any relocation assistance that is available as a result of the grant or loan.
560.17(5m)(cm) (cm) Of the total amount awarded in grants and loans in a fiscal biennium under this subsection, the board shall award not less than 25% and not more than 50% for purposes related to an agricultural business. The board shall give priority under this paragraph for grants or loans that will be used for purposes related to a dairy farm, as defined in 97.22 (1) (a).
560.17(5r) (5r)
560.17(5r)(a)(a) Under this subsection, the board may award to a business a loan that does not exceed $50,000 if all of the following apply:
560.17(5r)(a)1. 1. The business, together with any affiliate, subsidiary or parent entity, has fewer than 50 employees.
560.17(5r)(a)2. 2. The business is or will be located in a rural municipality.
560.17(5r)(a)3. 3. The rural municipality in which the business is or will be located satisfies either of the following criteria:
560.17(5r)(a)3.a. a. The rural municipality is located in a county that has a median household income that is lower than the state median household income.
560.17(5r)(a)3.b. b. If the rural municipality is located in a county that has a median household income that is higher than the state median household income, the rural municipality has a median household income that is lower than the county median household income.
560.17(5r)(a)4. 4. The business is starting or expanding its operations.
560.17(5r)(a)5. 5. The operations of the business do not involve metallic mining activities.
560.17(5r)(a)6. 6. The owner of the business attends a class that provides instruction in writing a business plan, making a business loan application and managing a start-up business.
560.17(5r)(b) (b) A business applying for a loan under this subsection must submit an application package that includes a business plan and such personal and business financial information as the board requires to enable the board to assess sufficiently the potential viability of the business. The department shall assist a business in preparing an application.
560.17(5r)(c) (c) A business that receives a loan under this subsection may use the loan proceeds for any of the following purposes:
560.17(5r)(c)1. 1. The purchase or improvement of land.
560.17(5r)(c)2. 2. The purchase of buildings, furniture, fixtures, machinery, equipment or inventory.
560.17(5r)(c)3. 3. Job training costs.
560.17(5r)(c)4. 4. Employee relocation costs.
560.17(5r)(c)5. 5. Working capital.
560.17(5r)(d) (d) If a business that receives a loan under this subsection uses the loan proceeds for employee relocation costs under par. (c) 4., the department shall ensure all of the following:
560.17(5r)(d)1. 1. That an employee of the business has the option of accepting or declining any relocation assistance that is available as a result of the loan.
560.17(5r)(d)2. 2. That the compensation and benefits terms offered at the new location are at least as favorable as those offered by the business at its previous location.
560.17(6) (6) Before awarding a loan under this section, the board shall do all of the following:
560.17(6)(a) (a) Determine the terms for repayment of the principal amount of the loan.
560.17(6)(c) (c) Establish all other terms and conditions of the loan after considering the circumstances of the particular business.
560.17(6m) (6m)
560.17(6m)(a)(a) Except as provided in par. (b), in order to receive a grant or loan under this section a person or business shall contribute cash, from a source other than the state, in an amount that equals at least 25% of the total cost of the project.
560.17(6m)(b) (b) The board shall determine whether, and the extent to which, in order to receive a loan under sub. (5r), a business must contribute from a source other than the state a portion of the cost of the project, except that the board may not require a business to contribute more than 20% of the cost of the project. The contribution may be in cash or in kind. The board shall determine what services or materials may be used as in-kind contributions.
560.17(6r) (6r) The board shall give priority for grants or loans under this section for projects related to brownfields redevelopment.
560.17(7) (7)
560.17(7)(a)(a) Except as provided in par. (am), the department shall designate staff to evaluate applications for grants or loans and assist the board under this section. The board shall act on an application for a grant or loan at its next regularly scheduled meeting after the department determines that the application is complete, except that the board shall act on an application for a loan under sub. (5r) and advise the applicant of its decision within 45 days after the department determines that the application is complete.
560.17(7)(am) (am) The department of commerce and the department of agriculture, trade and consumer protection shall designate staff to evaluate applications for grants or loans for purposes related to agricultural businesses and to make recommendations and assist the board with respect to those applications.
560.17(7)(b) (b) The board or department shall deposit all interest or principal payments received for loans made under this section in the appropriation under s. 20.143 (1) (ir).
560.17(7)(d) (d) The department or board may not limit the time period during which applications for grants and loans under this section may be accepted.
560.17(7)(e) (e) If the board awards, and the department makes, a grant under sub. (3) or (5c), the department may contract directly with and pay grant proceeds directly to any person providing technical or management assistance to the grant recipient.
560.17 Cross-reference Cross Reference: See also s. Comm 116.01, Wis. adm. code.
560.175 560.175 Urban area early planning grants.
560.175(1) (1) In this section:
560.175(1)(a) (a) "Early planning project" means the preliminary stages of considering and planning the expansion or start-up of a business that is or will be located in an urban area in this state.
560.175(1)(b) (b) "Urban area" means any of the following:
560.175(1)(b)1. 1. A city, village or town that is located in a county with a population density of at least 150 persons per square mile.
560.175(1)(b)2. 2. A city, village or town with a population of more than 6,000.
560.175(2) (2) Subject to subs. (3) and (6), the department may make a grant from the appropriation under s. 20.143 (1) (c) to a person to fund an early planning project.
560.175(3) (3) The department may not award a grant to a person under this section unless the person submits an application, in a form required by the department, that contains or describes all of the following:
560.175(3)(a) (a) The location of the new or expanding business.
560.175(3)(b) (b) The ownership structure of the new or expanding business.
560.175(3)(c) (c) The product or service provided by the new or expanding business.
560.175(3)(d) (d) The market for the product or service described in par. (c).
560.175(3)(e) (e) Competition within the market described in par. (d).
560.175(3)(f) (f) Any competitive advantages of the new or expanding business.
560.175(3)(g) (g) The person's estimate of the gross revenue of the new or expanding business over a period specified by the department.
560.175(3)(h) (h) The process for manufacturing the product, or providing the services, of the new or expanding business.
560.175(3)(i) (i) An estimate of the number of jobs that will be created by the new or expanding business.
560.175(3)(j) (j) The person's experience and training.
560.175(3)(k) (k) The person's estimate of the profit that will be generated by the new or expanding business over a period specified by the department.
560.175(3)(L) (L) The person's estimate of the capital required to complete the early planning project.
560.175(3)(m) (m) Potential sources of financing for the early planning project.
560.175(3)(n) (n) Any other information that the department requests.
560.175(4) (4) A person who receives a grant under this section may use the grant proceeds only for any of the following:
560.175(4)(a) (a) To perform a business feasibility study.
560.175(4)(b) (b) To prepare a detailed marketing plan.
560.175(4)(c) (c) To prepare a detailed business plan.
560.175(5) (5) In order to receive a grant under this section a person shall contribute cash, from a source other than the state, in an amount that equals at least 25% of the total cost of the project.
560.175(6) (6)
560.175(6)(a)(a) In any fiscal biennium, the department may not award to any one person more than $15,000 in grants under this section.
560.175(6)(b) (b) In any fiscal biennium, the department may not award more than $250,000 in grants under this section.
560.175(7) (7) If the department awards a grant under this section, the department may contract directly with and pay grant proceeds directly to any person providing technical or management assistance to the grant recipient.
560.175 History History: 1999 a. 9; 2001 a. 16.
560.183 560.183 Physician and dentist loan assistance program.
560.183(1)(1)Definitions. In this section:
560.183(1)(ac) (ac) "Clinic hours" means hours spent working with patients in a clinic.
560.183(1)(ad) (ad) "Dental health shortage area" means an area that is designated by the federal department of health and human services under 42 CFR part 5, appendix B, as having a shortage of dental professionals.
560.183(1)(ae) (ae) "Dentist" means a dentist, as defined in s. 447.01 (7), who is licensed under ch. 447 and who practices general or pediatric dentistry.
560.183(1)(ag) (ag) "Eligible practice area" means a primary care shortage area, a mental health shortage area, an American Indian reservation or trust lands of an American Indian tribe.
560.183(1)(aj) (aj) "Health professional shortage area" means an area that is designated by the federal department of health and human services under 42 CFR part 5, appendix A, as having a shortage of medical care professionals.
560.183(1)(ap) (ap) " Mental health shortage area" means an area that is designated by the federal department of health and human services under 42 CFR part 5, appendix C, as having a shortage of psychiatric professionals, excluding a state or federal prison and a state or county mental hospital.
560.183(1)(b) (b) "Physician" means a physician, as defined in s. 448.01 (5), who specializes in family practice, general internal medicine, general pediatrics, obstetrics and gynecology, or psychiatry.
560.183(1)(cm) (cm) "Primary care shortage area" means an area that is in a primary care health professional shortage area as determined by the federal department of health and human services under 42 CFR part 5, appendix A, excluding a state or federal prison.
560.183(2) (2)Eligibility.
560.183(2)(a)(a) The department may repay, on behalf of a physician or dentist, up to $50,000 in educational loans obtained by the physician or dentist from a public or private lending institution for education in an accredited school of medicine or dentistry or for postgraduate medical or dental training.
560.183(2)(b) (b) A physician or dentist who is a participant in the national health service corps scholarship program under 42 USC 254n, or a physician or dentist who was a participant in that program and who failed to carry out his or her obligations under that program, is not eligible for loan repayment under this section.
560.183(3) (3)Agreement.
560.183(3)(a)(a) The department shall enter into a written agreement with the physician, in which the physician agrees to practice at least 32 clinic hours per week for 3 years in one or more eligible practice areas in this state, except that a physician specializing in psychiatry may only agree to practice psychiatry in a mental health shortage area and a physician in the expanded loan assistance program under sub. (9) may only agree to practice at a public or private nonprofit entity in a health professional shortage area. The physician shall also agree to care for patients who are insured or for whom health benefits are payable under medicare, medical assistance, or any other governmental program.
560.183(3)(am) (am) The department shall enter into a written agreement with the dentist, in which the dentist agrees to practice at least 32 clinic hours per week for 3 years in one or more dental health shortage areas in this state. The dentist shall also agree to care for patients who are insured or for whom dental health benefits are payable under medicare, medical assistance, or any other governmental program.
560.183(3)(b) (b) The agreement shall specify that the responsibility of the department to make the payments under the agreement is subject to the availability of funds in the appropriations under s. 20.143 (1) (jc), (jm) and (kr).
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This is an archival version of the Wis. Stats. database for 2005. See Are the Statutes on this Website Official?