An Act providing for advanced manufacturing facilities and infrastructures through business partnerships with State-related institutions; establishing the Max Manufacturing Initiative Fund and Max Manufacturing Endeavor Loan Fund; providing for prevailing wage; and imposing powers and duties on the Department of Community and Economic Development.

This law creates two new funds to support advanced manufacturing projects by partnering with state institutions. It requires any construction work funded by these grants or loans to pay workers at least the prevailing wage and benefits determined by the Department of Labor and Industry. Additionally, the bill mandates that recipients make a good faith effort to hire workers from the local labor market for construction, demolition, and repair tasks. These requirements apply to all contractors and subcontractors involved in the projects, ensuring fair pay and local employment opportunities.