Pharmaceutical Manufacturing Grant Program and Fund; created.

Pharmaceutical Manufacturing Grant Program; creation. Creates the Pharmaceutical Manufacturing Grant Program to make grant payments to an eligible pharmaceutical manufacturer that makes a capital investment of at least $1 billion at a facility in Rockingham County and creates at least 152 new full-time jobs at the facility. The pharmaceutical manufacturer would be eligible for an aggregate of $7.5 million in grants paid out over a three-year period if it meets such performance parameters. The bill also makes available, subject to appropriation, $2.525 million to a comprehensive community college and baccalaureate public institution of higher education in or near Rockingham County to support the workforce development needs of the manufacturer and other research and development companies in the area. This bill is identical to HB 1498.