§ 5-28-30-5 — "Industrial development project"

Indiana § 5-28-30-5

• 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, "industrial
development project" includes the acquisition of land, interests in land,
site improvements, infrastructure improvements (including information
and high technology infrastructure (as defined in IC 5-28-9-4)),
buildings, or structures, rehabilitation, renovation, and enlargement of
buildings and structures, machinery, equipment, furnishings, or
facilities (or any combination of these), comprising or being
functionally related and subordinate to any of the following:
(1) A manufacturing enterprise.
(2) A business service enterprise involved in:
(A) computer and data processing services; or
(B) commercial testing services.
(3) A business enterprise the primary purpose of which is the
operation of an education and permanent marketing center for
manufacturers and distributors of robotic and flexible automation
equipment.
(4) Any other business enterprise, if the use of the guaranty
program creates a reasonable probability that the effect on Indiana
employment will be creation or retention of at least fifty (50) jobs.
(5) An agricultural enterprise in which:
(A) the enterprise operates under a producer or growout
agreement; and
(B) the output of the enterprise is processed predominantly in
Indiana.
(6) A business enterprise that is required by a state, federal, or
local regulatory agency to make capital expenditures to remedy a
violation of a state or federal law or a local ordinance.
(7) A recycling market development project.
(8) A high growth company with high skilled jobs.

Legislative History

As added by P.L.162-2007, SEC.25. Amended by P.L.177-2018, SEC.8; P.L.189-2018, SEC.50; P.L.215-2018(ss), SEC.2.