§ 5-28-18-5 — "Nontraditional entrepreneur"

Indiana § 5-28-18-5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 18: Small Business Development Fund

Text

As used in this chapter, "nontraditional
entrepreneur" means a person who operates or seeks to establish a
business in Indiana and who is described in one (1) or more of the
following categories:
(1) Persons whose employment has been terminated or who have
been laid off and who have limited opportunities for employment
or reemployment in the same or a similar occupation in the area
in which they reside.
(2) Persons who are employed but whose family income is not
greater than one hundred twenty-five percent (125%) of the
federal income poverty level for the same size family.
(3) Single parents whose family income is not greater than one
hundred twenty-five percent (125%) of the federal income
poverty level for the same size family.
(4) Minorities.
(5) Women.
(6) Persons who are at least sixty-five (65) years of age.
(7) Persons who are at least eighteen (18) years of age but less
than twenty-four (24) years of age.
(8) Welfare recipients.
(9) Owners or operators of existing businesses with less than
twenty-five (25) employees.
(10) Persons who by reason of physical or mental disability are
unable to achieve full vocational participation.
(11) Members of family farms undergoing economic adjustment
and seeking sources of income in addition to the farm.

Legislative History

As added by P.L.4-2005, SEC.34.