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Bills from the 2011–12 session

Senate Bill 564

Grants to certified seed incubator funds

Topics: Economic Development Corporation, Wisconsin, Industrial development

Stopped in committee

It never got a ⁠, so it never came up for a vote. To try again, a lawmaker would have to start a new bill.

  1. Introduced, passed

    Mar 15, 2012

  2. Committee, stopped here

    Stopped here. No public hearing was held.

  3. Senate vote, not reached

  4. Assembly vote, not reached

  5. Governor, not reached

  6. Law, not reached

Latest entry in the official record, Mar 23, 2012: “Failed to pass pursuant to ⁠”

It never got a hearing in the Senate Committee on Senate Organization. See every bill that never got a hearing this session.

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What it would have done

Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.

Under current law, the Wisconsin Economic Development Corporation (WEDC) administers various economic development programs in this state. This bill creates a new grant program administered by WEDC. Under the bill, WEDC is required to make grants that total at least $3,000,000 to certified seed incubator funds. WEDC pays those grants from an existing appropriation for WEDC's economic development programs.

WEDC may certify a person as a certified seed incubator fund if WEDC determines that the person operates a business incubator program that provides certain services to start-up businesses that are designed to encourage the growth of those businesses, and the person demonstrates to WEDC's satisfaction that the person owns cash or cash equivalents, or has obtained cash commitments from other funding sources, sufficient to enable the person to invest at least $3,000,000 in start-up businesses within five years after the person becomes a certified seed incubator fund.

Read the full summary

Under the bill, a certified seed incubator fund must agree to maintain its headquarters in Wisconsin and at least 50 percent of its employees in Wisconsin. The bill requires a certified seed incubator fund to invest 100 percent of the grant moneys that it receives from WEDC in a business that the certified seed incubator fund itself serves through its business incubator program. Also, the certified seed incubator fund must at least match the amount of grant moneys it receives from WEDC with an investment of capital in the business that the certified seed incubator fund has raised from other sources.

Finally, the bill includes a requirement that a certified seed incubator fund that receives a grant from WEDC under the bill submit an annual report to WEDC that includes, for each business in which the certified seed incubator fund held an investment of grant moneys from WEDC, a description of the business and a description of the business's participation in the certified seed incubator fund's seed incubator program. Likewise, WEDC is required to submit that information with its annual report to the Joint Legislative Audit Committee and the legislature.

Who's behind it

2 senators are its ⁠. All 2 are Democrats.

2 more lawmakers ⁠.

See all 4 names

Authors (2)

Signed on in support (2)

What happened

  1. Mar 23, 2012

    The session ended, and the bill died with it.

  2. Mar 15, 2012

    Sent to the Senate Committee on Senate Organization.

  3. Mar 15, 2012

    Introduced in the Senate.

See the official record, word for word
  1. Mar 15, 2012 · Senate

    Introduced by Senators Lassa and Taylor;Cosponsored by Representatives Barca and Pasch

  2. Mar 15, 2012 · Senate

    Read first time and referred to committee on Senate Organization

  3. Mar 15, 2012 · Senate

    Available for scheduling

  4. Mar 23, 2012 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1

Terms on this page

Committee

A small group of lawmakers that looks at a bill first. Most bills never leave committee.

More in the glossary

Public hearing

A meeting where anyone can speak to a committee about a bill, or send written comments.

More in the glossary

Senate Joint Resolution 1

The session's calendar. Any bill not passed by its last voting day dies.

Official term: Failed to pass pursuant to SJR 1. More in the glossary

Legislative Reference Bureau

The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.

Official term: LRB analysis. More in the glossary

Author

A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.

Official term: Author, coauthor. More in the glossary

Signed on in support

Lawmakers who back a bill without being one of its authors, often from the other chamber.

Official term: Cosponsor. More in the glossary

From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source

Committee

A small group of lawmakers that looks at a bill first. Most bills never leave committee.

More in the glossary

Public hearing

A meeting where anyone can speak to a committee about a bill, or send written comments.

More in the glossary

Senate Joint Resolution 1

The session's calendar. Any bill not passed by its last voting day dies.

Official term: Failed to pass pursuant to SJR 1

More in the glossary

Legislative Reference Bureau

The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.

Official term: LRB analysis

More in the glossary

Author

A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.

Official term: Author, coauthor

More in the glossary

Signed on in support

Lawmakers who back a bill without being one of its authors, often from the other chamber.

Official term: Cosponsor

More in the glossary