Economic Development Incentive Payments (312)
| Request Title | Support a truck manufacturing economic development project |
| Biennium | 2020-2022 |
| Budget Round | Initial Bill |
| Category | New general fund spending initiatives |
| Region | Multiple Regions |
Description
|
Provides funding to support an economic development project as approved by the Major Employment and Investment Commission. The project will result in the establishment of a truck manufacturing company in a qualified locality. Legislation to be considered during the 2020 legislative session will establish the grant program. |
Funding Summary
| Object Type | FY 2020 | FY 2021 | |
| General Fund Dollars | $2,000,000 | $2,000,000 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| 534 | Economic Development Services | $2,000,000 | $2,000,000 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $2,000,000 | $2,000,000 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 11:54:25
