238.04 Powers of board. The board shall have all the powers necessary or convenient to carry out the purposes and provisions of this chapter. In addition to all other powers granted the board under this chapter, the board may specifically:
(1) Adopt, amend, and repeal any bylaws, policies, and procedures for the regulation of its affairs and the conduct of its business.
(2) Have a seal and alter the seal at pleasure.
(3) Maintain an office.
(4) Sue and be sued.
(5) Accept gifts, grants, loans, or other contributions from private or public sources.
(6) Establish the corporation's annual budget and monitor the fiscal management of the corporation.
(7) Execute contracts and other instruments required for the operation of the corporation.
(8) Employ any officers, agents, and employees that it may require and determine their qualifications, duties, and compensation.
(9) Issue notes, bonds, and any other obligations.
(10) Make loans and provide grants.
(11) Incur debt.
(12) Procure liability insurance.
(14) Enter into agreements regarding compensation, space, and other administrative matters as are necessary to operate offices in other states and foreign countries. Such agreements shall be subject to the approval of the secretary of administration.
(15) Appoint and supervise the economic development liaison project position created in 2017 Wisconsin Act 58, section 61 (1).
History: 2011 a. 7; 2011 a. 32 s. 3289; 2017 a. 369.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 238 - Wisconsin economic development corporation.
238.02 - Creation and organization of corporation.
238.045 - Establishment of nonprofit organization.
238.046 - Private interest in public contract.
238.07 - Submission of annual reports to legislature.
238.08 - Records of the corporation.
238.09 - Procurement policies and procedures.
238.10 - Allocation of volume cap on tax-exempt bonds.
238.11 - Employment impact estimates.
238.115 - Tax credit reporting.
238.12 - Repayment of grants, loans, and tax benefits.
238.125 - Notification of position openings; compliance.
238.127 - State main street program.
238.13 - Brownfields grant program.
238.133 - Brownfield site assessment grants.
238.135 - Grants to regional economic development organizations.
238.14 - St. Croix Valley Business Incubator.
238.15 - Early stage business investment program.
238.155 - Talent attraction and retention initiatives.
238.17 - Historic rehabilitation tax credit.
238.25 - Assistance to loan recipients.
238.26 - Report to investment board.
238.28 - Refundable tax credits.
238.301 - Certification for tax benefits.
238.302 - Eligible activities.
238.303 - Limits on tax benefits and claiming tax benefits.
238.3045 - Transferability of tax benefits.
238.305 - Revocation of certification.
238.306 - Responsibilities of the corporation.
238.308 - Business development tax credit.
238.31 - Designation of development zone.
238.315 - Invitation to nominate area.
238.32 - Application by local governing bodies.
238.325 - Evaluation by corporation.
238.335 - Boundaries and size of development zones.
238.34 - Change in boundary and size of development zones.
238.345 - Duration, renewal and expiration.
238.35 - Additional duties of the corporation.
238.363 - Duties of local governing bodies.
238.365 - Certification for tax benefits.
238.368 - Limits on tax benefit to certified person.
238.37 - Revocation of certification.
238.38 - Certification prohibited in certain cases.
238.385 - Rules on eligibility for tax benefits.
238.395 - Development opportunity zones.
238.396 - Electronics and information technology manufacturing zone.
238.397 - Enterprise development zone program.