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North America Credits & Incentives Spring 2022 Report NOW AVAILABLE

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NEW SOUTH WALES JOBS PLUS PROGRAM

Jun 1
Written By David Hickey


CAPTURING INCENTIVES

Businesses expanding their footprint in New South Wales (NSW) have limited time
to capture $250 million in incentives.

OVERVIEW

Known as the Jobs Plus program, a $250 million initiative was designed to create
or support up to 25,000 jobs in NSW through June 30, 2022. The program, which
was announced as part of the 2020-21 NSW Budget, supports both Australian
companies that are looking expand their footprint in the State and international
businesses that wish to launch business operations in the state.

Support levers of the program assist businesses by reducing the cost of
establishment and financial risk, while also increasing the speed to market for
businesses looking to scale and grow. This support is available to both private
and non-government sectors that are seeking to invest in job-creating projects,
proposals, and partnerships. The program plans to create 25,000 jobs. The
program is available until June 30, 2022, or until support is fully allocated. 

IS MY COMPANY ELIGIBLE?

The Jobs Plus program categorizes their eligibility into two classifications –
Australian business eligibility and international business eligibility.

To be considered for the Jobs Plus program, an International Businesses must:

 * Currently employ a minimum of 80 workers

 * Before June 20, 2024, create at least 30 new full-time equivalent jobs in NSW

 * Begin hiring new staff before December 31, 2022, after the application

 * Have all new staff be paid and living in NSW

The program requires that applicants must demonstrate the skills and capacity to
deliver the project, demonstrate they are likely to remain financially viable so
over the duration of the project and demonstrate that the project would not
occur in NSW, or within the same timeframe without government investment.

Qualifying Projects

To qualify for the Jobs Plus program, the applicant must run a business venture
or project that will create at least 30 new jobs in NSW, with permanent and
ongoing full-time equivalent employees, before June 20, 2024. Examples of
eligible projects include activities that invest in equipment and facilities
such as:

 * Relocating a business operation from out-of-state or internationally to NSW

 * Establishment of an additional production line for an existing NSW business

 * Transferring business activities to NSW that are currently performed by your
   company overseas

 * Projects will be considered ineligible where:

 * Funding is proposed to be used for the ongoing day-to-day operations of the
   business

 * Funding is proposed for the re-hiring of staff previously made redundant
   after the announcement of the Program on November 5, 2020

 * Funding is proposed for the transferring of staff from one related business
   to another

 * Funding is proposed for an employee who leaves and returns to the business
   within a period of 6 months from the date they left the business

 * The project would have proceeded and be delivered within the same timeframe
   without government financial assistance

 * The business has already received NSW Government or other funding for the
   same outputs and/or outcomes

 * The project will require NSW Government or other funding for the same outputs
   and/or outcomes

 * The project will require NSW Government support beyond the agreed assistance
   period

 * The project cannot be delivered in full before June 30, 2024

 * Must first receive a nomination from the City Council or County
   Commissioners’ Court

Assessment Criteria



Assessment Criteria



Summary Timeline for Application and Program Requirements



To begin the process or to learn more details, contact one of our Hickey
Location Analytics and Incentives Team members today!

--------------------------------------------------------------------------------


David Hickey

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HICKEY JOBS REPORT UPDATE APRIL 2022



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