Section 860.502 - Eligibility(a) Distribution.--The department may make distributions from the fund, subject to the terms, conditions and restrictions provided under this chapter, for the purpose of making grants to public-private partnerships, contracting authorities and State-related institutions conducting or facilitating advanced manufacturing, including, but not limited to, the following: (1) Advancement in the fields of industrial processes, mining, manufacturing, production agriculture, information technology and biotechnology.(2) Service as a medical facility or in other industrial or technology sectors as defined by the department.(3) The acquisition and installation of new machinery and equipment, upgrading existing machinery and equipment or retrofitting existing facilities with new or high-demand technologies as defined by the department.(b) Grants.--Grants shall be subject to the following conditions: (1) Grants shall be made to eligible public-private partnerships, contracting authorities and State-related institutions under this chapter.(2) Grants shall be designed to include the purchase and installation of new equipment and machinery, the upgrade of existing machinery and equipment, integrated systems or the retrofitting of existing facilities with new or high-demand technologies. This paragraph includes, but is not limited to, land acquisition, the acquisition or construction of buildings, equipment, site preparation, road and highway improvements, water and sewer infrastructure and the application and utilization of computer hardware and software.(3) Applicants shall provide a financial plan for all funding related to the project, including details regarding the financial commitment of the parties to the shared infrastructure project and documentation of matching funds from sources other than the fund and the Max Manufacturing Endeavor Loan Fund in an amount equal to the amount being requested in the application.(4) Applications shall demonstrate that the shared infrastructure project to be funded furthers the goals of this act, as determined by the department.(5) Applicants shall make a good faith effort to recruit and employ, or to encourage any construction contractors or subcontractors to recruit and employ, workers from the local labor market for employment for all construction, reconstruction, demolition, alteration and repair work, other than maintenance work.Added by P.L. (number not assigned at time of publication) 2024 No. 24,§ 502, eff. 6/13/2024.