State Codes and Statutes
Statutes > New-hampshire > TITLEI > CHAPTER12-A > 12-A-55
I. In this subdivision, ""grant recipient'' means the business entity that receives funds from the department and which provides funds to the training provider.
II. Only those businesses that are physically located or intend to be physically located within the state may receive funds under this subdivision.
III. Only those employees who are residents of New Hampshire, or who work for a business that is located or intends to locate within the state, shall receive training from grants under this subdivision.
IV. Grant recipients shall match no less than one dollar for each dollar provided through the grant award. The match funds shall include only those costs extraordinary to the regular employee expenses incurred by the business and shall be directly related to training.
V. Priority shall be given for grants to small businesses for the implementation of technological innovations.
VI. Intent by a business to locate within the state shall be established to the satisfaction of the grant review committee. A minimum requirement for intent to be established shall be:
(a) Proof of substantial investment or a binding contractual obligation consistent with such intent;
(b) The lease or purchase of real estate or equipment within the state necessary for the planned move; or
(c) Such other requirement as may be established under rules adopted by the commissioner of the department of resources and economic development.
VII. Submission of documents to substantiate proof of intent by a business to locate within the state shall be in accordance with rules adopted by the commissioner of the department of resources and economic development.
VIII. No grant shall be made to the state, including the state university system.
IX. No grant shall be made to any county, city, town, or other political subdivision which has not currently elected to pay contributions pursuant to RSA 282-A:71, II.
X. No grant shall be made to any organization or group of organizations, described in section 501(c)(3) and exempt under section 501(a) of the Internal Revenue Code, which has not currently elected to pay contributions pursuant to RSA 282-A:69, II.
Source. 2007, 204:2, eff. July 1, 2007.
