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, POSITIVELY <br />SSG <br />Department of Employment and Economic Development <br />Job Creation Fund (JCF) Program <br />Application <br />APPLICATION PROCEDURES <br />The Job Creation Fund (JCF) Program provides job creation awards and capital investment rebates to designated <br />businesses that retain or create high -paying, full-time permanent jobs and invest in real property improvements. The <br />program is available statewide for manufacturing, distribution, warehousing, and other eligible business activities. <br />Applications are accepted on a year-round basis as funds are available. <br />To become a designated JCF business and receive benefits, a business must work in conjunction with the local <br />government where the JCF business will be located. AJCF application must be completed and submitted to the <br />Department of Employment and Economic Development (DEED) by the local government. Step-by-step <br />instructions are listed below and applications may be submitted by mail or email to: <br />Emily Johnson <br />Program Manager—Job Creation Fund <br />332 Minnesota Street, Suite E200 <br />St. Paul, MN 55101 <br />Emily.a.johnson@state.mn.us <br />Completing the Job Creation Fund (JCF) Program Application: Step -by -Step Instructions <br />In consultation with DEED, the local government will make a preliminary determination about whether a business meets <br />the minimum program requirements. Use the Job Creation Fund Eligibility and Application Checklist on the program <br />website for guidance. If a business is potentially eligible, the following steps are completed: <br />1. The business provides the information to the local government needed to complete JCF Application. A local <br />government resolution in support of the project must be included. Local officials must submit the application to <br />DEED. <br />2. DEED evaluates the application and notifies the local government and business of approval or denial. If <br />approved, DEED will formally designate the business as a JCF business and determine a job creation award <br />and/or capital investment rebate amount. Awards and/or rebates of $500,000 or more require DEED to hold a <br />public hearing. <br />3. Jobs created and/or capital investment expenditures may be counted after the business is formally notified by <br />DEED that it has been designated as a JCF business. <br />4. DEED will draft a business subsidy agreement specifying the award and/or rebate to be provided after required <br />job creation and capital investment goals are met. The JCF business and the DEED commissioner sign the <br />business subsidy agreement. <br />5. The local government will assist the business with submitting required annual progress reports, payment <br />request documentation, and other information requested by DEED. The local government will also provide <br />information on annual changes in wage requirements. <br />1 <br />102214 <br />