SB 285

This bill directs the Wisconsin Economic Development Corporation to establish and administer an economic development program for the purpose of awarding grants for talent recruitment programs to incentivize households outside of this state to relocate to municipalities in this state.

An applicant is eligible for a grant under the bill if the applicant 1) is a city, village, town, county, or American Indian tribe or band in this state or a nonprofit organization with a mission that includes economic development, workforce and talent development, or community development; 2) provides WEDC with a talent recruitment program plan identifying the estimated costs and economic impacts of the program and the program’s total “household goal,” meaning the total number of households the program seeks to successfully incentivize to relocate or commit to relocate from outside this state to a municipality in this state; 3) demonstrates its ability to contribute at least 20 percent of the total program cost, which may include local investments and in-kind donations; and 4) if the applicant is a previous recipient of a grant under the bill, the applicant has met its household goal stated in the talent recruitment program plan for the previous grant. A recipient of a grant under the bill must provide WEDC with semiannual reports detailing information regarding talent recruitment program outcomes.

Under the bill, a household residing outside this state relocating to this state is eligible for incentives under a talent recruitment program if the household resides outside of this state at the time the household applies for incentives, has an individual household income of at least $55,000, and submits an application to the recipient of a grant under the bill.

Under the bill, no more than $500,000 in grant moneys may be awarded to support talent recruitment programming in a single municipality in a single fiscal year. WEDC must disburse 50 percent of the total grant award upon entering into a grant contract and 50 percent of the total grant award upon the recipient reporting to WEDC that it has successfully met 50 percent of its household goal. If the recipient fails to meet half of its household goal, WEDC may not disburse the remaining grant amount.