The changes include:
- All new JOBZ applications will be reviewed by DEED officials. A new application have been developed for use by local governments and/or subzone administrators.
- A new evaluation process has been developed to determine if a proposed project is eligible for the JOBZ tax benefits.
- A new mandatory Business Subsidy Agreement (BSA) template is available.
- Businesses that are new to JOBZ will be required to report on the number of jobs created and wages paid two years after their program anniversary date.
- Businesses that are relocating their operations into a JOBZ site must report on jobs and wages one year after they begin operations.
- A business that meets most but not all of the goals of its BSA can remain in the program if DEED, the local government and the business agree on a new set of goals.