Wisconsin Statutes Authorities and Public Corporations (Ch. 231 to 235) § 234.94. Definitions

(1) “Capital participation instrument” means:

(2) “Community development corporation” means any of the following:

(3) “Community development finance company” means a corporation or a limited partnership organized for profit under s. 234.95.

(4) “Cost of a project” means costs associated with the design, planning and implementation of a project that, in accordance with sound business and financial practices, are appropriate charges to the project. The costs may include, but are not limited to, the costs of planning and design, options to buy land, feasibility or other studies, seed money, construction, working capital and any other costs determined by the company to be necessary to the purposes of this chapter.

(5) “Primary employment” means work that pays at least the minimum wage as established under s. 104.035(1) or under federal law, whichever is greater, offers adequate fringe benefits, including health insurance, and is not seasonal or part time.

(6) “Project” means a commercial, industrial or real estate business or other economic activity that is located in a target area or directed toward a target group and that has the purpose to create or preserve jobs for low-income people.

(7) “Target area” means a contiguous geographic area in which 50 percent or more of the households have income that is less than 80 percent of the statewide median household income.

(8) “Target group” means a population group for which the unemployment level is at least 25 percent higher than the statewide unemployment level, or a population group for which the average wage received is less than 1.2 times the minimum wage as established under s. 104.035(1) or under federal law, whichever is greater. No population group is required to be located within a contiguous geographic area to be considered a target group.