Indiana Code 5-28-26-12. Designation of global commerce center
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Sec. 12. (a) If a district applies to the corporation to have part of the area served by the district designated as a global commerce center, the corporation may approve the district’s application if the corporation determines that the district’s proposed global commerce center meets the following criteria:
(2) The proposed global commerce center has the support of the surrounding community.
(1) The proposed global commerce center is well suited for the development of a hub and its supporting spokes.
Terms Used In Indiana Code 5-28-26-12
- 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.
- district: means the Eastern Indiana Economic Development District. See Indiana Code 5-28-26-2
- high technology activity: has the meaning set forth in IC 36-7-32-7. See Indiana Code 5-28-26-3
- hub: means a regional economic development project that is:
Indiana Code 5-28-26-4
(3) The proposed global commerce center is well suited for the development of at least one (1) of the following:
(A) A high technology activity.
(B) Advanced manufacturing.
(C) Transportation, distribution, and logistics.
(D) Agribusiness.
(b) The corporation may adopt rules under IC 4-22-2 specifying application procedures.
(c) A global commerce center designated under this section must include a hub. The boundaries of the global commerce center are not required to be contiguous. Only one (1) global commerce center pilot program may be designated under this section.
As added by P.L.203-2005, SEC.2.