- Extends the rural jump-start program for an additional 5 years;
- Changes the existing competition clause to specify that a new business applying for rural jump-start program benefits cannot compete with an existing business in the rural jump-start zone in which the business will be located or in any distressed county that is contiguous to the rural jump-start zone; and
- Adds economic development organizations as authorized entities to apply to:
- Form a rural jump-start zone; or
- To allow a new business to participate in the rural jump-start program.
(Note: This summary applies to this bill as introduced.)