State Codes and Statutes

State Codes and Statutes

Statutes > Wisconsin > 560 > 560.30

560.30

SUBCHAPTER II
FORWARD INNOVATION FUND
560.30 Definitions. In this subchapter:

560.30(2)

(2) "Business" means a company located in this state, a company that has made a firm commitment to locate a facility in this state, or a group of companies at least 80 percent of which are located in this state.

560.30(3)

(3) "Cluster" means a geographic, categorical, horizontal, or vertical concentration of interconnected, interdependent, or synergistic businesses, industries, research centers, or venues for the performance, creation, or display of the arts.

560.30(4)

(4) "Community-based organization" means an organization that is involved in economic development and helps businesses that are likely to employ persons.

560.30(5)

(5) "Economically distressed area" means an area designated by the department using the methodology established by rule under s. 560.301 (2).

560.30(6)

(6) "Eligible activity" means any of the following:

560.30(6)(a)

(a) The start-up, expansion, or retention of minority businesses.

560.30(6)(b)

(b) The start-up, expansion, or retention of businesses in economically distressed areas.

560.30(6)(c)

(c) Innovative proposals to strengthen inner cities.

560.30(6)(d)

(d) Innovative proposals to strengthen communities in rural municipalities.

560.30(6)(e)

(e) Innovative programs to strengthen clusters.

560.30(6)(f)

(f) Innovative proposals to strengthen entrepreneurship.

560.30(7)

(7) "Eligible recipient" means any of the following:

560.30(7)(a)

(a) A business or small business.

560.30(7)(b)

(b) The governing body of a municipality.

560.30(7)(c)

(c) A community-based organization.

560.30(7)(d)

(d) A cooperative or association incorporated under ch. 185 or organized under ch. 193.

560.30(7)(e)

(e) A local development corporation.

560.30(7)(f)

(f) A nonprofit organization whose primary purpose is to promote the economic development of or community development in a particular area or region in the state.

560.30(8)

(8) "Governing body" means a county board, city council, village board, or town board.

560.30(9)

(9) "Local development corporation" means any of the following:

560.30(9)(a)

(a) The elected governing body of a federally recognized American Indian tribe or band in this state or any business created by the elected governing body.

560.30(9)(b)

(b) A corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17), that is at least 51 percent controlled and actively managed by minority group members, and that does all of the following:

560.30(9)(b)1.

1. Operates primarily within specific geographic boundaries.

560.30(9)(b)2.

2. Promotes economic development and employment opportunities for minority group members or minority businesses within the specific geographic area.

560.30(9)(b)3.

3. Demonstrates a commitment to or experience in promoting economic development and employment opportunities for minority group members or minority businesses.

560.30(10)

(10) "Minority business" has the meaning given in s. 560.036 (1) (e).

560.30(11)

(11) "Minority group member" has the meaning given in s. 560.036 (1) (f).

560.30(12)

(12) "Municipality" means a county, city, village, or town.

560.30(13)

(13) "Rural municipality" means any of the following:

560.30(13)(a)

(a) A municipality that is located in a county with a population density of less than 150 persons per square mile.

560.30(13)(b)

(b) A municipality with a population of 6,000 or less.

560.30(14)

(14) "Small business" means a business with fewer than 100 employees, including employees of any subsidiary or affiliated organization.

560.30 - ANNOT.

History: 2009 a. 28, 265.