Title: Capital Investment and Employment Grants
Signed by Governor Jon Corzine
Title: Capital Investment and Employment Grants
Vote to pass a bill that establishes the Invest in New Jersey Business Grant Program to provide up to $70 million in capital investment grants and up to $50 million in employment grants to qualifying businesses.
- Specifies that the value of employment grants shall be $3,000 for each eligible position created, and caps the total amount that a business may receive at $500,000 (Sec. 4). - Defines an "eligible position" as a full-time position for which health benefits are provided by the business (Sec. 2). - Establishes the following criteria for businesses to qualify for an employment grant (Sec. 4):
Title: Capital Investment and Employment Grants
Vote to pass a bill that establishes the Invest in New Jersey Business Grant Program to provide up to $70 million in capital investment grants and up to $50 million in employment grants to qualifying businesses.
- Specifies that the value of employment grants shall be $3,000 for each eligible position created, and caps the total amount that a business may receive at $500,000 (Sec. 4). - Defines an "eligible position" as a full-time position for which health benefits are provided by the business (Sec. 2). - Establishes the following criteria for businesses to qualify for an employment grant (Sec. 4):
Title: Capital Investment and Employment Grants