Wisconsin 2023-2024 Regular Session

Wisconsin Senate Bill SB891 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	LRB-5349/1
2	2	MDE:cdc
3	3	2023 - 2024 LEGISLATURE
4	4	2023 SENATE BILL 891
5	5	January 5, 2024 - Introduced by Senators ROYS, AGARD, CARPENTER, L. JOHNSON,
6	6	LARSON, SPREITZER, TAYLOR and WIRCH, cosponsored by Representatives JOERS,
7	7	VINING, BALDEH, C. ANDERSON, J. ANDERSON, CONLEY, CONSIDINE, EMERSON,
8	8	HONG, JACOBSON, MADISON, MOORE OMOKUNDE, NEUBAUER, ORTIZ-VELEZ,
9	9	PALMERI, RATCLIFF, SHANKLAND, SHELTON, SINICKI, SNODGRASS, STUBBS and
10	10	SUBECK. Referred to Committee on Economic Development and Technical
11	11	Colleges.
12	12	*AUTHORS SUBJECT TO CHANGE*
13	13	AN ACT to create 20.192 (1) (br) and 238.129 of the statutes; relating to: main
14	14	street bounceback grants and making an appropriation.
15	15	Analysis by the Legislative Reference Bureau
16	16	This bill appropriates $25,000,000 in general purpose revenue in each year of
17	17	the 2023-25 fiscal biennium for the Wisconsin Economic Development Corporation
18	18	to award grants to provide assistance to businesses opening a new location or
19	19	expanding operations in a vacant commercial space. WEDC already administers
20	20	such a program, which is nonstatutory, with federal American Rescue Plan Act
21	21	(ARPA) funding. Under the bill, WEDC must establish eligibility requirements and
22	22	other policies and procedures for grants awarded under the bill that are
23	23	substantially similar to the eligibility requirements and policies and procedures in
24	24	effect on June 30, 2023, for the Wisconsin Tomorrow Main Street Bounceback Grant
25	25	program administered by WEDC. Additionally, WEDC may not award a grant under
26	26	the bill to a nonprofit organization.
27	27	For further information see the state fiscal estimate, which will be printed as
28	28	an appendix to this bill.
29	29	The people of the state of Wisconsin, represented in senate and assembly, do
30	30	enact as follows:
31	31	SECTION 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert
32	32	the following amounts for the purposes indicated:
33	33	1
34	34	2
35	35	3
36	36	4 - 2 -2023 - 2024 Legislature LRB-5349/1
37	37	MDE:cdc
38	38	SECTION 1 SENATE BILL 891
39	39	2023-24 2024-25
40	40	20.192 Wisconsin Economic Development
41	41	Corporation
42	42	(1) PROMOTION OF ECONOMIC DEVELOPMENT
43	43	(br)Main street bounceback grantsGPR A 25,000,000 25,000,000
44	44	SECTION 2. 20.192 (1) (br) of the statutes is created to read:
45	45	20.192 (1) (br) Main street bounceback grants. The amounts in the schedule
46	46	for grants awarded under s. 238.129.
47	47	SECTION 3. 238.129 of the statutes is created to read:
48	48	238.129 Main street bounceback grants. (1) GRANTS. From the
49	49	appropriation under s. 20.192 (1) (br), the corporation may award grants to provide
50	50	assistance to businesses opening a new location or expanding operations in a vacant
51	51	commercial space.
52	52	(2) ELIGIBILITY. (a) Subject to par. (b), the corporation shall establish eligibility
53	53	requirements and other policies and procedures for the grants awarded under sub.
54	54	(1) that are substantially similar to the eligibility requirements and policies and
55	55	procedures in effect on June 30, 2023, for the Wisconsin Tomorrow Main Street
56	56	Bounceback Grant program administered by the corporation.
57	57	(b) The corporation may not award a grant under this section to a nonprofit
58	58	organization.
59	59	(END)
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