Targeted Industry Projects (TIP)
The program offers assistance to targeted economic driver industries culminating over time in the development, diversification, competitiveness and growth in sectors that provide sustained high quality jobs, continued innovation and increase in GDP in Wisconsin. Applicants must be actively engaged in distinct industry or sector development or engaged in efforts to enhance cross-industry competitiveness, such as workforce development, market development, new investments, business attraction and acquisition of specialized competitive assets or facilities. These investments are generally intended to support strategic industry initiatives and investments, develop shared-use infrastructure, help fund industry-related pilot projects, expand successful initiatives, increase geographic reach or allow for expansion of consortia efforts.
Award Range
Not specified - $1,000,000
Total Program Funding
$2,800,000
Number of Awards
9
Matching Requirement
No
Eligible Applicants
Additional Requirements
WEDC will take the following into account when considering a TIP Grant: • Impact on the industry • Financial justification • Previous planning efforts • Readiness to proceed • Involvement of public private partnerships • Other factors determined by WEDC It is not the intention of this program to provide funds for ongoing operational needs over the long term. WEDC generally requires matching funds and, depending on the project budget, may require additional documentation from other project participants. TIP funds and matching funds may not be used for past costs.
Application Opens
Not specified
Application Closes
Not specified
Grantor
Wisconsin Economic Development Corporation
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