Section 34:1B-127 - Project requirementsa. A business may apply to the authority for a grant for any project which: (1) Will create at least 25 eligible positions in the base years; or(2) Will create at least 10 eligible positions in the base years if the business is an advanced computing company, an advanced materials company, a biotechnology company, an electronic device technology company, an environmental technology company, or a medical device technology company.b. In the case of a business which is a landlord, the business may apply to the authority for a grant for any project in which at least 25 eligible positions are created in the base years.c. A project which consists solely of point-of-final-purchase retail facilities shall not be eligible for a grant under P.L. 1996, c. 26(C.34:1B-124 et seq.). If a project consists of both point-of-final-purchase retail facilities and non-retail facilities, only the portion of the project consisting of non-retail facilities shall be eligible for a grant, and only the withholdings from new employees which are employed in the portion of the project which represents non-retail facilities shall be used to determine the amount of the grant. If a warehouse facility is part of a point-of-final-purchase retail facility and supplies only that facility, the warehouse facility shall not be eligible for a grant. For the purposes of P.L. 1996, c. 26(C.34:1B-124 et seq.), catalog distribution centers shall not be considered point-of-final-purchase retail facilities.d.(1) If an application under P.L. 1996, c. 26(C.34:1B-124 et seq.) has been received by the authority prior to the effective date of the "New Jersey Economic Opportunity Act of 2013," P.L. 2013, c. 161(C.52:27D-489p et al.), and, to the extent that there remains sufficient appropriations for grant issuance, then the authority is authorized to consider the application and to make a grant to an eligible applicant, provided that the authority shall take final action on that grant no later than December 31, 2013.(2) A business shall apply for a grant under the Business Employment Incentive Program prior to the effective date of the "New Jersey Economic Opportunity Act of 2013," P.L. 2013, c. 161(C.52:27D-489p et al.), and shall submit its documentation for approval of a grant no later than 90 calendar days after the effective date of the "New Jersey Economic Opportunity Act of 2013," P.L. 2013, c. 161(C.52:27D-489p et al.).(3) If a business has submitted an application under P.L. 1996, c. 26(C.34:1B-124 et seq.) and that application has not been approved for any reason, the lack of approval shall not serve to prejudice in any way the consideration of a new application as may be submitted by a business for the provision of incentives offered pursuant to the "New Jersey Economic Opportunity Act of 2013," P.L. 2013, c. 161(C.52:27D-489p et al.).Amended by L., c. 161,s. 3, eff. 9/18/2013.Amended by L. 2003, c. 166, s. 2, eff. 9/2/2003.