Grants may not be used to move a plant if jobs would be lost
What the document says“Grants under this section may not be used to assist directly in the relocation of any industrial or commercial plant, facility, or operation, from one area to another area, if the relocation is likely to result in a significant loss of employment in the labor market area from which the relocation occurs.”
The new section 124 bars grants from being used to help move an industrial or commercial plant, facility, or operation from one area to another where the move is likely to cause a significant loss of employment in the area it leaves. The bar does not apply to a business that was operating in the disaster-declared labor market area before the incident and has since moved in whole or in part to continue in business.
What the document actually says“Grants under this section may not be used to assist directly in the relocation of any industrial or commercial plant, facility, or operation, from one area to another area, if the relocation is likely to result in a significant loss of employment in the labor market area from which the relocation occurs.”
The money may not help move a plant or business from one place to another. That holds where the move would cost many jobs where it was.
A labor market area is the area people commute within. Moving jobs out of one hurts the people left behind. A business that already fled the disaster is not covered by this bar.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.