Rural Jobs and Investment Tax Credit Program (RJTC)

Who can apply

Eligible applicants (or Affiliates of the Applicant) requesting a Rural Growth Fund designation must: Be a licensed rural business investment company under the Consolidated Farm and Rural Development Act or a small business investment company under the Small Business Investment Act Have invested at least $100 million in nonpublic companies located in rural areas of the commonwealth or other states Be registered to do business in the commonwealth Have at least one principal who has been an officer or employee of the applicant for at least four years prior to the date of application under this program Subject to the investment authority cap, the Department will make allocations of investment authority for approved applications in the order in which the applications are received. Applications received on the same day are treated as if they were received simultaneously. Applications are deemed to be received based on the date/time stamp generated by the Department.