Eligibility for grants.

The following individuals and groups shall be eligible to receive grants or other assistance from the Job Opportunity Bank: Low-income District residents; Job skills-deficient residents; District businesses, business coalitions, or nonprofit organizations partnered with District businesses or business coalitions seeking to hire low-income District residents or job skills-deficient residents and develop a workforce from those individuals; or District businesses, business coalitions, or nonprofit organizations partnered with District businesses or business coalitions seeking to upgrade the skills of their current workforce, composed of at least 51% District residents, in order to maintain the employment of the current workforce.