§ 5-28-11.5-1 “Economically disadvantaged area”
§ 5-28-11.5-2 “Local economic development organization”
§ 5-28-11.5-3 “Program”
§ 5-28-11.5-4 New business recruitment grant program established
§ 5-28-11.5-5 Indiana economic development corporation authorized to make grants to local economic development organizations
§ 5-28-11.5-6 Maximum grant amounts
§ 5-28-11.5-7 Policies and procedures
§ 5-28-11.5-8 Administrative costs
§ 5-28-11.5-9 Local economic development organization recruitment fund established; uses; revenue sources; administration; investments; nonreverting fund

Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 11.5 - New Business Recruitment Grants for Local Economic Development Organizations

  • 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.
  • economically disadvantaged area: means a county that has an unemployment rate exceeding the state unemployment rate by at least two percent (2%). See Indiana Code 5-28-11.5-1
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • program: refers to the new business recruitment grant program established by section 4 of this chapter. See Indiana Code 5-28-11.5-3