Amends GS 143B-437.012, concerning the Job Maintenance and Capital Development Fund, to add to the required content of the grant agreement to include a provision requiring the business to maintain an employment level, including full-time and equivalent full-time contract employees, at the specified levels. Requires for a major employer who fails to maintain the level of employment by more than 100 employees, a 1% reduction of the grant for every one employee below that threshold (was, the grant must be reduced in proportion to the extent the business fails to maintain employment at this specified level and that the business is not eligible for a grant in any year in which the employment level is less than 80% of what is required). Makes additional conforming, clarifying, and technical changes.