Establishes accounts in the One North Carolina Fund for agricultural manufacturing grants and small business incentives.
The bill creates two special accounts within the One North Carolina Fund: the Agricultural Manufacturing Investment Grant Account and the One North Carolina Small Business Account. The AMIG account provides competitive grants to eligible agricultural manufacturers for equipment, structural repairs, and utility improvements. The Small Business Account supports the North Carolina SBIR/STTR Incentive Program and Matching Grant Program. The bill also outlines criteria for grant recipients, including employment levels, wage standards, and performance criteria to protect the state's investment.
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