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SSG <br />Department of Employment and Economic Development <br />Job Creation Fund Benefits Explained <br />Job Creation Fund <br />Office of Business Finance <br />Business & Community Development Division <br />If you are considering Minnesota for expansion, the Minnesota Job Creation Fund Program <br />(JCF) can provide financial benefits to facilitate the project. JCF is a pay -for -performance <br />program that provides financial benefits after job creation and capital investment thresholds <br />have been met. Once a business is approved as a JCF business, it receives an Award Letter <br />from DEED noting the projected award benefit which is based on the best case scenario as <br />defined in the application. This scenario considers only the eligible capital investment and job <br />creation that occurred on or after the date the business is approved as a JCF business. <br />Once a business meets the $500,000 capital investment and 10 full-time job creation <br />thresholds, it is eligible to request JCF benefits using a JCF Report Form. This document will <br />help businesses understand the information needed to receive the JCF benefits. lithe project <br />is considered a retention project or a Mega Project, please contact JCF program staff due to <br />the unique project requirements. <br />Capital Investment Rebate <br />What costs are eligible for a Capital Investment Rebate? <br />A qualified Minnesota JCF Business is eligible for a capital investment rebate on the purchases <br />and services used for real property (i.e., fixed property and generally not furniture, fixtures or <br />equipment) improvements. The rebate applies to purchases made by the qualified Minnesota <br />JCF business or a contractor hired to perform work or services at the project location. <br />Expenditures made by a third -party business (e.g. tenant improvements) are eligible only if <br />expenditures are reimbursed directly by the qualified JCF business as they are paid. The <br />capital investment rebate does not include costs associated with acquiring real property. <br />Eligible costs are construction materials, services, and supplies used for or consumed in the <br />project generally include: <br />A. <br />B. <br />C. <br />Building construction costs <br />Construction labor & materials <br />External Site Preparation when <br />property is owned by the JCF <br />business, related parent company <br />or lease to own. <br />Adopted: April 17, 2015 <br />D. Real property tenant improvements <br />in leasing scenarios <br />E. Rehabilitation / Remodel <br />F. Eligible soft costs directly related to <br />construction like architect and <br />engineering fees <br />