Senate Bill 173 establishes a rural creative economy development grant program administered by the Wisconsin Economic Development Corporation (WEDC). The program aims to support cities, towns, counties, American Indian tribes, economic development organizations, and nonprofit organizations in rural areas of Wisconsin by providing competitive grants. These grants, which can be up to $50,000, are intended for projects that enhance tourism, improve visitor experiences, and promote community development through creative enterprises. Eligible uses of grant funds include supporting public arts performances, renovating public spaces, and marketing local creative initiatives.

To qualify for a grant, applicants must match the grant amount with funds from nonstate sources, with a limit of 25% of the match being in-kind contributions. The bill also mandates that WEDC submit a report on the effectiveness of the grant program to the Joint Committee on Finance by May 1, 2027. This initiative is designed to bolster the creative economy in rural Wisconsin, fostering community engagement and economic growth through artistic and cultural development.