560.25 Manufacturing extension center grants. - Wisconsin Statutes

560.25

560.25 Manufacturing extension center grants.

560.25(1)

(1) Definitions. In this section:

560.25(1)(a)

(a) "Biotechnology" means technology related to life sciences.

560.25(1)(b)

(b) "Business" means a company located in this state, a company that has made a firm commitment to locate a facility in this state or a group of companies at least 80% of which are located in this state.

560.25(1)(c)

(c) "Technology" includes biotechnology.

560.25(1)(d)

(d) "Technology-based nonprofit organization" means a nonprofit corporation, as defined in s. 181.0103 (17), or an organization described in section 501 (c) (3) of the Internal Revenue Code that is exempt from federal income tax under section 501 (a) of the Internal Revenue Code, and that has as a mission the transfer of technology to businesses in this state.

560.25(2)

(2) Grants. Subject to sub. (4), the department may make a grant from the appropriation under s. 20.143 (1) (fj) to a technology-based nonprofit organization to provide support for a manufacturing extension center if all of the following apply:

560.25(2)(a)

(a) The technology-based nonprofit organization submits to the department a plan detailing its proposed expenditures and performance measures related to the project.

560.25(2)(b)

(b) The secretary approves the plan submitted under par. (a).

560.25(4)

(4) Limit on grants. Beginning with fiscal year 2004-05, the department may award $1,500,000 in grants under this section in each fiscal year.

560.25 - ANNOT.

History: 1999 a. 9; 2001 a. 16; 2003 a. 33, 256.