Indiana Code > Title 5 > Article 28 > Chapter 11.5 – New Business Recruitment Grants for Local Economic Development Organizations
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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