Sec. 4. As used in this chapter, “sponsor” means an organization that enters into a written agreement with the corporation to:

(1) establish, operate, and administer a small business incubator; or

Terms Used In Indiana Code 5-28-21-4

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • incubator: means a facility in which space may be leased by a tenant and in which management provides access to business development services for use by tenants. See Indiana Code 5-28-21-3
(2) provide funding to an organization that operates a small business incubator.

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