Indiana Code 5-28-5-16. Recommendations; economic development tools; local communities in distressed areas
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Sec. 16. The corporation may study and develop recommendations for economic development tools for local communities in distressed areas, particularly within the city of Elkhart, the city of Gary, and the city of Indianapolis, where:
(2) twenty percent (20%) or more of individuals residing in the local community have a household income that is equal to or less than the federal poverty level as determined by the federal Office of Management and Budget.
(1) the unemployment rate within the local community is greater than the state unemployment rate; or
Terms Used In Indiana Code 5-28-5-16
- 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.
As added by P.L.238-2017, SEC.1.