Hamilton provides $150,000 recoverable grant to create 10 full-time jobs at Vora Technology Park
The City of Hamilton is using $150,000 in Community Development Block Grant funds to provide various economic development incentives to support the creation of 10 full-time jobs at Vora Technology Park, Hamilton Journal News reports. Under the terms of the grant agreement, Vora has "12 months to create and maintain" the jobs, six of which must be filled by or made available to "employees from low- and moderate-income households with below 80 percent of median income." Should the company fail to perform as required by the agreement, it must return to the city a sum equal to $15,000 for each job it fails to create and maintain, the article said. For more, read the full story.
