What are the local criteria that apply to the North Central Advantage Technology Zone?
A. Credit System – Each county within the Technology Zone is initially allocated $280,000 of credits. The remainder is kept in a common pool to be used when the initial county’s allotment has been used. B. Maximum Credits per Application – To avoid one firm exhausting the entire supply of credits, a maximum of $250,000 of credits will be applied to any one project. For unique and major developments in the region, the business may apply for special exemption to exceed this cap. C. Minimum Total Project Investment – Each application must have a minimum $100,000 initial investment for the first year of the project to be considered for the program. The investment may include working capital, wages (excluding owner salary and fringe benefits), and equipment. D. Minimum Wage – The minimum wage criteria is equal to the zone’s average, or $13.00 per hour. E. Industry Cluster – Paper/Forestry, Health Care, Information Systems, Financial Services, Agriculture/Food Production, Business Services,
