Section 3330 - Purpose; form of incentives; enhanced incentives; eligible applicant(a) Purpose. The purpose of the Vermont Employment Growth Incentive Program is to generate net new revenue to the State by encouraging a business to add new payroll, create new jobs, and make new capital investments and sharing a portion of the revenue with the business.(b) Form of incentives; enhanced incentives.(1) The Vermont Economic Progress Council may approve an incentive under this subchapter in the form of a direct cash payment in annual installments.(2) The Council may approve the following enhanced incentives:(A) an enhanced incentive for a business in a labor market area with higher than average unemployment or lower than average wages pursuant to section 3334 of this title; and(B) an enhanced incentive for an environmental technology business pursuant to section 3335 of this title.(c) Eligible applicant. Only a business may apply for an incentive pursuant to this subchapter.Amended by 2022 , No. 105, § 504, eff. 7/1/2022.Added 2015, No. 157 (Adj. Sess.), H. § 1, eff. 1/1/2017.