AB68,1371,1614 2. An identification of each business in which a venture capital fund held an
15investment of moneys received through the program established under sub. (2) and
16a statement of the amount of the investment in each business.
AB68,1371,2017 3. A statement of the number of employees the business employed when the
18venture capital fund first invested moneys received through the program established
19under sub. (2) and the number of employees the business employed on the last day
20of the quarter.
AB68,1371,2221 (d) The oversight board shall make the reports under par. (c) readily accessible
22to the public on the corporation's Internet site.
AB68,1371,24 23(7) Policies and procedures. The corporation shall establish policies and
24procedures to administer this section.
AB68,2550 25Section 2550. 238.29 of the statutes is created to read:
AB68,1372,3
1238.29 Tribal economic development. The corporation shall establish and
2administer economic development programs to promote small business economic
3development benefitting American Indian tribes or bands in this state.
AB68,2551 4Section 2551. 238.30 (2m) (a) of the statutes is amended to read:
AB68,1372,115 238.30 (2m) (a) Except as provided in par. (b) and s. 238.308 (1) (b), “full-time
6job" means a regular, nonseasonal full-time position in which an individual, as a
7condition of employment, is required to work at least 2,080 hours per year, including
8paid leave and holidays, and for which the individual receives pay that is equal to
9at least 150 percent of the federal minimum wage and benefits that are not required
10by federal or state law. “Full-time job" does not include initial training before an
11employment position begins.
AB68,2552 12Section 2552. 238.306 (3) of the statutes is repealed.
AB68,2553 13Section 2553. 238.308 (1) of the statutes is renumbered 238.308 (1) (intro.)
14and amended to read:
AB68,1372,1515 238.308 (1) Definition Definitions. (intro.) In this section,:
AB68,1372,17 16(a)eligible Eligible employee" means a person employed in a full-time job by
17a person certified under sub. (2).
AB68,2554 18Section 2554. 238.308 (1) (b) of the statutes is created to read:
AB68,1372,2019 238.308 (1) (b) 1. Except as provided in subd. 2., “full-time job” has the meaning
20given in s. 238.30 (2m).
AB68,1373,221 2. a. For contracts executed by the corporation under this section after
22December 31, 2021, “full-time job” means, except as provided in subd. 2. b., a regular,
23nonseasonal full-time position in which an individual, as a condition of employment,
24is required to work at least 2,080 hours per year, including paid leave and holidays,
25and for which the individual receives pay that is equal to at least $27,900 and

1benefits that are not required by federal or state law. “Full-time job" does not include
2initial training before an employment position begins.
AB68,1373,83 b. The corporation may grant exceptions to the requirement under subd. 2. a.
4that a full-time job means a position in which an individual, as a condition of
5employment, is required to work at least 2,080 hours per year if the annual pay for
6the position exceeds $27,900 and an individual in the position is offered retirement,
7health, and other benefits that are equivalent to the retirement, health, and other
8benefits offered to an individual who is required to work at least 2,080 hours per year.
AB68,2555 9Section 2555. 238.308 (4) (a) 1. of the statutes is amended to read:
AB68,1373,2210 238.308 (4) (a) 1. An amount equal to up to 10 percent of the amount of wages
11that the person paid to an eligible employee in the taxable year. For contracts
12executed by the corporation after December 31, 2021, the amount of wages taken into
13account under this subdivision may not exceed $123,000 per eligible employee per
14year. Beginning on January 1, 2023, the dollar amount under this subdivision shall
15be increased each year by a percentage equal to the percentage change between the
16U.S. consumer price index for all urban consumers, U.S. city average, for the month
17of August of the previous year and the U.S. consumer price index for all urban
18consumers, U.S. city average, for the month of August of the year before the previous
19year, as determined by the federal department of labor. Each amount that is revised
20under this subdivision shall be rounded to the nearest multiple of $10 if the revised
21amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an
22amount shall be increased to the next higher multiple of $10.
AB68,2556 23Section 2556. 238.308 (4) (a) 3. of the statutes is amended to read:
AB68,1374,624 238.308 (4) (a) 3. An amount equal to up to 50 percent of the person's training
25costs incurred to undertake activities to enhance an eligible employee's general

1knowledge, employability, and flexibility in the workplace; to develop skills unique
2to the person's workplace or equipment; or to develop skills that will increase the
3quality of the person's product
upgrade or improve the job-related skills of an eligible
4employee, train an eligible employee on the use of job-related new technologies, or
5provide job-related training to an eligible employee whose employment with the
6person represents the employee's first full-time job
.
AB68,2557 7Section 2557. 238.308 (4) (a) 5. of the statutes is amended to read:
AB68,1374,138 238.308 (4) (a) 5. An amount, as determined by the corporation, equal to a
9percentage of the amount of wages that the person paid to an eligible employee in the
10taxable year, if the position in which the eligible employee was employed was created
11or retained in connection with the person's location or retention of the person's
12corporate headquarters in Wisconsin and the job duties associated with the eligible
13employee's position involve the performance of corporate headquarters functions
.
AB68,2558 14Section 2558. 238.308 (4) (a) 6. of the statutes is created to read:
AB68,1374,1915 238.308 (4) (a) 6. An amount equal to up to 25 percent of the person's energy
16efficiency or renewable energy project expenditures on real or personal property
17located in this state. When making an award under this subdivision, the corporation
18shall ensure that the percentage of expenditures taken into account positively
19correlates to the scale of the project.
AB68,2559 20Section 2559. 238.399 (1) (am) 2. a. of the statutes is amended to read:
AB68,1374,2421 238.399 (1) (am) 2. a. The For contracts executed by the corporation under this
22section prior to January 1, 2022, the
individual is employed in a job for which the
23annual pay is more than the amount determined by multiplying 2,080 by 150 percent
24of the federal minimum wage.
AB68,2560 25Section 2560. 238.399 (1) (am) 2. c. of the statutes is created to read:
AB68,1375,4
1238.399 (1) (am) 2. c. For contracts executed by the corporation under this
2section after December 31, 2021, the individual is employed in a job for which the
3annual pay is more than $27,900 in a tier I county or municipality or more than
4$37,000 in a tier II county or municipality.
AB68,2561 5Section 2561. 238.399 (3) (a) of the statutes is amended to read: