Layoffs or closures. If an approved business experiences a layoff within the state or closes any of its facilities within the state prior to receiving the benefits and assistance, the department may reduce or eliminate all or a portion of the benefits and assistance. If a business experiences a layoff within the state or closes any of its facilities within the state after receiving the benefits and assistance, the business may be subject to repayment of all or a portion of the benefits and assistance that it has received.
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Layoffs or closures. If an approved business Business experiences a layoff within the state or closes any of its facilities within the state prior to receiving the benefits tax incentives and assistance, the department Department may reduce or eliminate all or a portion of the benefits tax incentives and assistance. If a business an approved Business experiences a layoff within the state or closes any of its facilities within the state after receiving the benefits tax incentives and assistance, the business Business may be subject to repayment of all or a portion of the benefits tax incentives and assistance that it has received.
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Samples: Master Contract (Homeland Energy Solutions LLC), Master Contract (Southwest Iowa Renewable Energy, LLC)
Layoffs or closures. If an approved business Business experiences a layoff within the state or closes any of its facilities within the state prior to receiving the benefits tax incentives and assistance, the department Department may reduce or eliminate all or a portion of the benefits tax incentives and assistance. If a business an approved Business experiences a layoff within the state or closes doses any of its facilities within the state after receiving the benefits tax incentives and assistance, the business Business may be subject to repayment of all or a portion of the benefits tax incentives and assistance that it has received.
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