There is an entity cap of $4M per fiscal year.
Businesses must invest at least $17.5M in a qualified wind energy facility and employing at least 150 new, full-time employees.
Businesses receive tax credits up to 100% of qualified investments.
Eligible applicants can apply for funding up to $8,000 per participant for:
Businesses and nonprofits must commit to create or retain 1 new full-time job for every $65,000. There is an application fee of $1,000.
Businesses can receive loan participation of up to $2 million or line of credit guarantees up to $750,000.
All industries are welcome to explore this resource, but it may be particularly useful for technology, life sciences, and other high-wage, high-growth innovation-focused sectors.
Both Direct and Bridge Funding grants have the following requirements:
You can receive sales tax exemption for the purchase of electricity and natural gas for use at the manufacturing facility.