S3 - Job Maintenance and Capital Development Fund Modifications

• Removes the requirement that major employer projects be located in development tier one areas, while adding this requirement for large manufacturing employers in subdivision (1)(c).

• Expands large manufacturing employer eligibility to include businesses investing in pollution controls or transitioning from coal to natural gas for energy efficiency, in addition to those converting manufacturing processes to change products.

• Reduces the investment threshold for large manufacturing employers from $65 million to $50 million and extends the investment period from three years to five years.

• Creates two employment tier requirements for large manufacturing employers: 320 full-time employees in tier one areas or 800 full-time employees in tier two areas with populations under 60,000 as of July 1, 2013.

• Increases the total aggregate cost limit for all agreements from $69 million to $79 million, effective July 1, 2014.