An Act To Amend the Pine Tree Development Zone Laws Regarding Average Weekly Wages

CONCEPT DRAFT SUMMARY

This bill is a concept draft pursuant to Joint Rule 208.

This bill proposes to amend the Pine Tree Development Zone program to allow a business that meets all the requirements for classification as a qualified Pine Tree Development Zone business but the requirement that employees' wages be at least equal to the labor market average weekly wage to be designated as a qualified Pine Tree Development Zone business and thus eligible for benefits under that program.