HIGH IMPACT PERFORMANCE INCENTIVE GRANT (HIPI)
The project must operate within designated high-impact portions of the following sectors– clean energy, corporate headquarters, financial services, life sciences, semiconductors, and transportation equipment manufacturing. Also, the project must create at least 50 new full-time equivalent jobs (25 if a R&D facility) and make a cumulative investment of at least $50 million ($25 million if a R&D facility) in a three-year period. Once approved the business is awarded 50% of the eligible grant upon commencement of operations and the balance once the employment and investment goals are met.