NC S342

Extends the expiration date for the Job Development Investment Grant (JDIG) Program authority from January 1, 2016 to January 1, 2019, allowing continued awarding of new grants beyond the original deadline.

Maintains the maximum annual liability cap for JDIG grants at $15 million per calendar year, with no individual agreement allowed to cause the state's total annual liability to exceed this amount.

Preserves existing program requirements that projects must create net employment increases, benefit the state economically, align with economic development goals, and demonstrate that project benefits outweigh costs.

Allows the Economic Investment Committee to measure employment increases at the division or operating unit level rather than the business level when explicitly justified to secure the project for the state.