560.128 Loans to manufacturing businesses. - Wisconsin Statutes

560.128

560.128 Loans to manufacturing businesses.

560.128(1)

(1) From the appropriations under s. 20.143 (1) (c), (gm), (hr), (ie), (m), (mr), and (n), the department may make a loan to a manufacturing business in this state to do any of the following:

560.128(1)(a)

(a) Implement energy efficiency or renewable energy measures in their facilities to enhance their competitiveness.

560.128(1)(b)

(b) Retool existing facilities to manufacture products that support the green economy.

560.128(1)(c)

(c) Expand or establish domestic clean energy manufacturing operations.

560.128(1)(d)

(d) Create or retain jobs for workers engaged in activities under pars. (a) to (c).

560.128(2)

(2) The department shall promulgate rules establishing eligibility criteria that do all of the following:

560.128(2)(a)

(a) Set clear job-creation or job-retention standards for loan recipients.

560.128(2)(b)

(b) Establish minimum energy savings that an eligible manufacturer must expect will result from the loan's utilization.

560.128(2)(c)

(c) Give priority to existing manufacturing businesses and idle manufacturing facilities.

560.128(2)(d)

(d) Ensure that loans under this section will be distributed to manufacturing businesses throughout the state.

560.128(2)(e)

(e) Require all work paid for with the proceeds of a loan under this section be performed by one of the following:

560.128(2)(e)1.

1. Employees who are paid an hourly wage that is not less than 150 percent of the federal minimum wage.

560.128(2)(e)2.

2. A contractor or subcontractor that agrees to pay all employees who perform work paid for with the proceeds of a loan under this section an hourly wage that is not less than 150 percent of the federal minimum wage.

560.128 - ANNOT.

History: 2009 a. 332.