NC H795

Modifies Job Development Investment Grant Program requirements by establishing tiered job creation thresholds (ranging from 800 to 1,750 positions) based on county development tier designations and creating a new "high-growth area" classification exempt from the $20 million annual liability cap.

Changes development tier ranking methodology by replacing unemployment rate and population growth metrics with employment-to-population ratio and average annual wage, and eliminates automatic tier adjustments for small counties and newly designated tier one areas.

Adjusts application fees for Job Development Investment Grants based on development tier (from $1,000 to $10,000) and modifies annual reporting fees by removing the minimum amount requirement.

Extends the authority to award new Job Development Investment Grants from January 1, 2019 to January 1, 2025.

Directs all state agencies to decide by January 1, 2018 whether to continue using development tier designations for their programs or develop alternative criteria, and establishes Joint Legislative Economic Development Committee to study tier system reform by 2018.