Indiana Statutes
§ 5-28-42-1 — "Eligible entity"
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 42 Hoosier Hospitality Small Business Restart Grant
As used in this chapter, "eligible entity" means a qualified business that meets the following requirements:
(1)The qualified business had less than one hundred (100) full
time employees as of December 31, 2019.
(2)The qualified business was established before October 1,
2019.
(3)The qualified business is in good standing with the state
department of revenue or has entered into a payment plan
approved by the state department of revenue.
(4)The qualified business was profitable in calendar year 2019,
as determined by the corporation using the earnings before
interest, taxes, depreciation, and amortization (EBITDA) metric.
(5)The qualified business did not have greater than ten million
dollars ($10,000,000) in gross revenue during calendar year 2019.
(6)The qualified business demonstra
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Legislative History
As added by P.L.82-2021, SEC.1.
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