The funds are based on a percentage of employee withholdings (income tax) - if there are no employees, there are no funds to Apple: "It is a performance-based

The funds are based on a percentage of employee withholdings (income tax) - if there are no employees, there are no funds to Apple: "It is a performance-based economic development incentive program that provides annual grant disbursements for a period of up to 12 years, to new and expanding businesses based on a percentage of withholding taxes paid by new employees during each calendar year of a grant. This percentage ranges from 10% to 75% (80% for awards after October 1, 2015 in Tier 1 counties). " You can find the specifics for the Job Development Investment Grant program annual report for 2021 - this is the one that has the Apple program details: https://www.johnlocke.org/wp-content/uploads/2022/05/2021-JDIG-Annual-Report.pdf https://www.johnlocke.org/wp-content/uploads/2022/05/2021-JD... As far as I can tell, they are just proposing that most (75%) of the income taxes the new Apple employees would have paid to the state will instead go to Apple. If they never have any employees, Apple gets 75% of zero. <edit for additional info>It appears that the Apple incentive is "transformative" a classification that means the amount can raise from 75% to 100% if Apple meets the hiring targets . . .