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DFI, Milwaukee sign $2 million agreement
to provide funds for neighborhood rehabilitation

MADISON - The Wisconsin Department of Financial Institutions (DFI) today signed a Memorandum of Understanding with the City of Milwaukee that provides $2 million in funding for the rehabilitation or demolition of blighted properties.

The funding will enable Milwaukee to demolish approximately 100 blighted homes and rehabilitate another 100 properties, with most of the work being done in the Sherman Park neighborhood. The DFI grant is part of a state-funded $4.5 million economic and workforce development package for Milwaukee that Governor Scott Walker announced in August.

See the entire release in our Press Room.

Governor Walker uses State of State address
to highlight new DFI college affordability website

The Department of Financial Institutions' new college affordability website was mentioned prominently by Governor Scott Walker during his State of the State address on Jan. 10, 2017. The website, LookForwardwi.gov, was launched in September 2016 as a resource for students and parents who are looking for information about college affordability and student loans. The website is part of a larger DFI effort to inform Wisconsin citizens about the importance of planning ahead for a college education. That effort is being spearheaded by College Affordability/Student Debt Specialist Cheryl Weiss. Weiss can be contacted at lookforwardwi@wisconsin.gov.

DFI to utilize One Stop Business Portal
for filing of some annual reports

MADISON - The Wisconsin Department of Financial Institutions (DFI) has partnered with the Wisconsin One Stop Business Portal to streamline the filing of certain types of annual reports beginning in January. Effective Jan. 3, 2017, Domestic Business Corporations, Domestic Close Corporations and Domestic Limited Liability Companies will file their annual reports online through the Wisconsin One Stop Business Portal at http://Openforbusiness.wi.gov/DFIannualreports (NOTE: this link will be activated on Jan. 3). This change will affect about 358,000 businesses in Wisconsin.

All other entity types that are required to file annual reports with DFI will continue to file those reports through the department's website at https://www.wdfi.org.

This change is part of a larger effort backed by Governor Scott Walker to streamline the interaction between Wisconsin businesses - start-ups and existing companies - and multiple state agencies. The Governor's goal is to create a single point of contact for businesses to conduct their dealings with state government. Currently, the Department of Workforce Development and the Department of Revenue have services available through the One Stop Business Portal. Eventually, other agencies that serve Wisconsin businesses will offer their services through the Portal. Once this transition is complete, business owners will be able to be conduct all of their business with multiple state agencies in one convenient location.

"Finding ways to make state government more efficient and accountable is an ongoing effort within our agency," DFI Secretary Lon Roberts said. "We are committed to providing better customer service and seeking ways to streamline the interaction that hundreds of thousands of business customers have with us every year."

The full press release is available in our Newsroom.     One Stop Business

DFI to stop accepting
cash transactions

As of January 3, 2017, The Department of Financial Institutions will no longer accept cash for filing and copying services. Customers that come to the Department to complete these transactions are encouraged to use alternate payment options that include the use of personal checks, cashier checks and money orders.

Customers can also save time and resources by using the Department's online services at: www.wdfi.org.

This transition is made to simplify and reduce the risk to transactions management, and enhance the safety and security of our customers.

For more information please contact us at 608-261-7577 or by e-mail at DFISecretary@wisconsin.gov

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