Entrepreneurial assistance grants and making an appropriation. (FE)

What it would have done

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

This bill authorizes the Wisconsin Economic Development Corporation to award an entrepreneurial assistance grant of up to $3,000 to a new business for 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 no earlier than five years before the business applies for an entrepreneurial assistance grant. Additionally, if WEDC awards an entrepreneurial assistance grant to three or more businesses to fund internships for students enrolled at a single institution of higher education, and the institution develops a program to support internships funded by these grants, WEDC may award an additional grant of up to $25,000 to the institution. Finally, the bill requires WEDC to allocate at least $125,000 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, 2021.

Who's behind it

24 lawmakers are its authors⁠. All 24 are Democrats.

4 more lawmakers signed on in support⁠.

What it would cost

State agencies filed a cost estimate. Each opens as a PDF from the Legislature.

• Fiscal Estimate From WEDC

Versions and amendments

Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.

• Amendment Histories
• LC Amendment Memo