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2015 SESSION

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HB 1898 Pulp, Paper, and Fertilizer Advanced Manufacturing Performance Grant Program; created.

Introduced by: M. Kirkland Cox | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Grants for pulp, paper, and fertilizer manufacturers. Creates the Pulp, Paper, and Fertilizer Advanced Manufacturing Performance Grant Program (Program), which would provide grants to any pulp, paper, and fertilizer manufacturer that invests at least $2 billion in real or personal property and creates at least 2,000 new full-time jobs pursuant to a memorandum of understanding with the Commonwealth. The total amount of grants paid under the Program would not exceed $20 million. Grants would be paid when the qualifying manufacturer attains capital investment and job creation requirements included in the memorandum of understanding. Grants would be paid from the Pulp, Paper, and Fertilizer Advanced Manufacturing Performance Grant Program Fund.


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