STATE ASSISTANCE. A critical component of the Project described above is a requirement of state assistance, in the form of a grant3 (“Project Development Grant”) in order to secure the Project investment for the Community and State. The Project Development Grant required for this Project’s success is described as follows:
Appears in 2 contracts
Samples: Economic Development Agreement, Economic Development Agreement
STATE ASSISTANCE. A critical component of the Project described above is a requirement of state assistance, in the form of a grant3 grant1 (“Project Development Grant”) or loan (“Project Development Loan”) in order to secure the Project investment for the Community and State. The Project Development Grant Grant/Loan required for this Project’s success is described as follows:: A $1,000,000 XXXX xxxxx will be used by the Development Authority to defray costs incurred by the Company in connection with capital expenditures, including the purchase of furniture, fixtures, and equipment associated with the establishment of the Facility (the “Project Property”).
Appears in 1 contract
Samples: Memorandum of Understanding
STATE ASSISTANCE. A critical component of the Project described above is a requirement of state assistance, in the form of a grant3 grant2 (“Project Development Grant”) in order to secure the Project investment for the Community and State. The Project Development Grant required for this Project’s success is described as follows:: A $1,000,000 EDGE grant used to offset the cost of machinery and equipment at the Facility.
Appears in 1 contract
