Workforce Grant definition

Workforce Grant means the Major Headquarters Workforce Grant in the maximum amount of $750 million ($550 million related to the Phase I New Jobs and $200 million related to the Phase II New Jobs), as authorized in the Act, and administered and paid under this Memorandum.
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Examples of Workforce Grant in a sentence

  • If the Company is not on track to earn the full amount of the Workforce Grant, please provide an explanation.

  • The Total Grant Payments to be made for the Workforce Grant under this Memorandum is a maximum of $750 million ($550 million related to the Phase I New Jobs and $200 million related to the Phase II New Jobs).

  • The stimulation of the additional tax revenue and economic activity to be generated by the Capital Investment, Average Annual Wage, and New Jobs, constitutes a valid public purpose for the expenditure of public funds and is the animating purpose for the Workforce Grant and Transportation Projects.

  • For any jobs or expenditures to count as Capital Investments or New Jobs under this Memorandum, they may not be counted by the Company or any of its Affiliates under a prior incentive agreement (i.e., double- counted) with the Commonwealth, the Eligible County or any other Virginia locality, including any memorandum of understanding with respect to the data center sales and use tax exemption under Virginia Code §58.1-609.3 18 or any Special Workforce Grant under Virginia Code §59.1- 284.30.

  • This position may include lead responsibility for well-defined projects of limited scope, such as the Inclusion grant or the Workforce Grant.

  • The Program consists of a Major Headquarters Workforce Grant (the “Workforce Grant”) and funding for certain transportation improvements (the “Transportation Projects”).

  • The parties intend that this Memorandum meet the requirement in the Act that there be a memorandum of understanding between the Company and the Commonwealth, setting forth the requirements for the payment and receipt of proceeds of the Workforce Grant.

  • The City has no obligation to provide proceeds of the IRRR Workforce Grant unless and until such funds are disbursed by the IRRR.

  • In the event that the IRRR enforces penalties, damages, or other punitive requirements against the City for non-compliance with the grant terms and conditions, the Subgrantee agrees to hold the City and its respective officers, employees, and agents harmless from any claims resulting from the Developer’s non- compliance with the terms and conditions required in this Agreement and the Workforce Grant Agreement.

  • The Developer shall comply in all respects with the requirements of the Workforce Grant Agreement as if it were the “Grantee” thereunder.