§ 5-28-30-4 — "High growth company with high skilled jobs"

Indiana § 5-28-30-4

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 30: Industrial Development Loan Guaranty Program

Text

As used in this chapter, "high growth company
with high skilled jobs" means a company that satisfies all the following
conditions:
(1) The company:
(A) had at least a fifteen percent (15%) average annual growth
in company earnings during the past three (3) years;
(B) is entering a new product or process area; or
(C) is classified in an industry that had at least a fifteen percent
(15%) average annual growth in earnings during the past three
(3) years.
(2) The company has a substantial number of employees in jobs:
(A) requiring postsecondary education or its equivalent; or
(B) that are in occupational codes classified as high skill by the
Bureau of Labor Statistics, United States Department of Labor.
(3) The company has a substantial number of employees that earn
at least one hundred fifty percent (150%) of Indiana per capita
personal income.

Legislative History

As added by P.L.162-2007, SEC.25.