Indiana Code 5-28-21-8. Award of grants, loans, and loan guarantees; criteria
Current as of: 2024 | Check for updates
|
Other versions
Sec. 8. The corporation shall award grants, loans, and loan guarantees based on the following criteria:
(2) The economic impact of the incubator on the community.
(1) The ability of the applicant to comply with section 19 of this chapter.
Terms Used In Indiana Code 5-28-21-8
- 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
(3) Conformance with any areawide and local economic development plans.
(4) The location of the incubator, in order to encourage geographic distribution of incubators throughout Indiana.
(5) Other criteria established by the corporation.
As added by P.L.4-2005, SEC.34.