H117 - North Carolina Competes Act, Parts I and II: Job Development Investment Grant Program (JDIG) and One North Carolina Modifications (SL 2015-259)

Session Year 2015

Overview: Parts I and II of S.L. 2015-259 do the following:

  • JDIG Modifications. - Section 1 of the act, as amended by Section 91 of S.L. 2015-264, extends the program, increases the amount that may be committed as grants under the program, provides additional commitment authority for high-yield projects, and makes other changes to the program. Except for a change in reporting requirements and the increase in the amount that may be committed, both of which became effective September 30, 2015, the remainder of this Part became effective October 1, 2015.
  • One NC. - Section 2 of the act modifies the local match requirements to a tiered requirement: 3 State dollars for 1 local dollar for tier 1; 2 State dollars for 1 local dollar for tier 2; and an even local match for tier 3. This change became effective September 30, 2015.

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