Sec. 4. (a) An Indiana manufacturing company may apply for one (1) or more grants or loans from the fund.

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Terms Used In Indiana Code 5-28-34-4

  • 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.
  • fund: means the green industries fund established by section 3 of this chapter. See Indiana Code 5-28-34-1
     (b) The corporation shall give priority to applications that meet three (3) or more of the purposes listed in section 3 of this chapter. The corporation shall base the award of a grant or loan on the number and quality of jobs being created, the community’s economic need, and the capital investment being made by the applicant.

     (c) A grant may not exceed fifty percent (50%) of the applicant’s project costs.

As added by P.L.182-2009(ss), SEC.81.

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