AB 399

This bill authorizes the Wisconsin Economic Development Corporation

(WEDC) to award a grant of up to $3,000 to a new business for the business's

expenses related to hiring, as a paid intern, a student enrolled at an institution of

higher education who studies business, engineering, information technology, or a

similar field. Under the bill, a new business is a business organized in this state on

a date that is not more than 60 months before the date that the business applies for

a grant authorized under the bill. Additionally, if WEDC awards a grant to three or

more businesses to fund internships for students enrolled at a single institution of

higher education and the institution of higher education develops a program to

support internships funded by these grants, WEDC may award a grant of up to

$25,000 to the institution of higher education. Finally, this bill requires WEDC to

allocate at least $45,000 in each fiscal year to fund grants authorized under the bill

and to submit a report on the effectiveness of those grants to the legislature no later

than February 1, 2015.