- (a) An Indiana manufacturing company may apply for one (1) or more grants or loans from the fund.
- (b) The corporation shall give priority to applications that meet three
- (3) or more of the purposes listed in section 3 of this chapter. The corporation shall base the award of a grant or loan on the number and quality of jobs being created, the community's economic need, and the capital investment being made by the applicant.
- (c) A grant may not exceed fifty percent (50%) of the applicant's project costs.
As added by P.L.182-2009(ss), SEC.81.