Sec. 45.81.030. Use of grant money.

152 words·~1 min read·/ak/title-45/chapter-81/45-81-030

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

After awarding a new business incentive grant, the department may pay money from the grant to the recipient business only as reimbursement for one or more of the following costs incurred and paid by the business:

(1)cost of relocating key personnel and of moving and installing equipment and initial inventory;

(2)up to 50 percent of the cost of site preparation and installation of utilities for a new facility;

(3)work force training costs for a period of up to 36 months in an amount not to exceed $5,000 for each employee receiving training during a 12-month period if the costs are not covered by another governmental program;

(4)up to 50 percent of the costs of business feasibility analyses that relate to situations unique to the state, market studies applicable to the state, and business facility designs necessary to address conditions in the state.