I'm new enough to intermediate-small CRA that I'm unsure of the answer here...
We originated a large loan to bring a new employer into our AA. A majority of the jobs coming are moderate income. The employer will be located in an upper-income tract, surrounded by upper- and middle-tracts. Can we count this loan as community development given the moderate income jobs?

Yes, this would work as long as you had job statistics to support the statement that the loan will support LMI people. If a loan benefits LMI people or a geography then it is safe to proceed to the next step. Sometimes an activity benefits both LMI people and a Geography!