next lowest multiple of $50. . (c) Qualified ex-Felon Section 51(d)(4)(B) of such Code is amended by striking 1 year and inserting 3 years . (d) Effective date The amendments made by this section shall apply to individuals who begin work for the employer after December 31, 2015. C Community Investment and Empowerment Act 121. Short title This subtitle may be cited as the Community Investment and Empowerment Act . 122. Purpose The purpose of this Act is to assist with the economic growth of economically disadvantaged communities that have potential for strong Class 1 commercial investment, but continue to have a difficult time recruiting Class 1 commercial investment. 123. Economic growth, retention, and recruitment of commercial investment in underserved communities The Small Business Investment Act of 1958 ( 15 U.S.C. 661 et seq.) is amended by adding at the end the following new title: VI ECONOMIC GROWTH, RETENTION, AND RECRUITMENT OF COMMERCIAL INVESTMENT IN ECO­NOM­I­CAL­LY DISADVANTAGED COMMUNITIES 511. Grant program (a) Authorization From amounts appropriated under section 513, the Administrator shall make grants on a competitive basis to communities for— (1) the creation of a grant and/or revolving loan fund program that helps develop financing packages for Class 1 commercial investment