AB 1078

This bill requires the Wisconsin Economic Development Corporation to establish and administer an Innovation Grant Program to provide to private nonprofit colleges funding for the development of new academic programs and community partnerships that are designed to meet workforce needs and infrastructure projects that benefit the broader public and that are designed to meet workforce needs. Under the bill, WEDC awards grants to these colleges to support the launch of innovative academic programs that are designed to meet workforce needs and infrastructure projects that benefit the larger public and that are designed to meet workforce needs, subject to the following limitations: 1) the grant recipient must provide matching funding; 2) the grant recipient must demonstrate a pathway for the academic program or infrastructure project to become self-sustaining; and 3) no more than 10 percent of the total amount of grants may be awarded to a single private nonprofit college.