; (3) in subclause (III), as so redesignated, by striking clauses (i) and (ii) and inserting subclauses (I) and (II) ; (4) in subclause (IV) as so redesignated, by striking the period at the end and inserting ; or ; and (5) by adding at the end the following: (ii) for a small manufacturer (as defined in section 501(e)(7))— (I) at least 5 percent of the total cost of the project financed, if the small business concern has been in operation for a period of 2 years or less; (II) at least 5 percent of the total cost of the project financed, if the project involves a limited or single purpose building or structure; (III) at least 10 percent of the total cost of the project financed if the project involves both of the conditions set forth in subclauses (I) and (II); or (IV) at least 5 percent of the total cost of the project financed, in all other circumstances, at the discretion of the development company. . (b) Creation or retention of jobs requirement Section 501(e) of the Small Business Investment Act of 1958 ( 15 U.S.C. 695(e) ) is amended— (1) in paragraph (1), by striking creates or retains and all that follows through the period at the end and inserting creates or retains 1 job for every $75,000 guaranteed by the Administration, except that the amount is $150,000 in the case of a project of a small manufacturer. ; (2) in paragraph (2), by striking creates or retains and all that follows through the period at the end and inserting creates or retains 1 job for every $75,000 guaranteed by the Administration, except that the amount is $150,000 in the case of a project of a small manufacturer. ; (3) by redesignating paragraph (6) as paragraph (7)