One million and fifty thousand dollars, or eight hundred thousand in a targeted employment area or infrastructure project under the 2022 reform legislation. Verify current figures before committing.
Confirm the amount at the time it applies
The reduced amount is not a discount that can be claimed by describing a location as rural; it depends on the project actually falling within a targeted employment area or qualifying infrastructure category as those are currently defined. The designation is a factual question about the specific location and the current rules, and both the amounts and the designation criteria have been changed by legislation before.
The reliable approach is to open the official program materials when the investment is being decided and confirm the figure that then applies, rather than working from a number learned earlier. Alongside the amount, remember that the capital must be at risk in the enterprise; funds held back in reserve do not count toward the requirement even if they are earmarked.