AB 521

Under this bill, a business in this state may receive a grant from the Wisconsin

Economic Development Corporation (WEDC) based, generally, on the increase of the

number of full-time employees hired by the business and the increase in the payroll

of that business based on compensation paid to full-time employees. The amount of

the grant is an amount equal to 6.27 percent of the growth in payroll from one

calendar quarter to the next, attributable to the increase in full-time employees. The

business receives grants in each of four consecutive calendar quarters. After

receiving the grants for four consecutive calendar quarters, the business may apply

to receive additional grants, but may not receive grants in more than 20 calendar

quarters. The maximum amount of the grants that all businesses may receive is

$2,000,000. If the business does not maintain the payroll and employment level used

to determine the grant amount for at least 12 months, the business must repay the

grant amount in the manner determined by WEDC.