SB 16

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.