§ 5-28-21-1 “Economically disadvantaged area”
§ 5-28-21-2 “Fund”
§ 5-28-21-3 “Incubator”
§ 5-28-21-4 “Sponsor”
§ 5-28-21-5 “Tenant”
§ 5-28-21-6 Establishment of fund; purpose; repayments of loans; nonreversion
§ 5-28-21-7 Application for grant, loan, or loan guarantee; requirements
§ 5-28-21-8 Award of grants, loans, and loan guarantees; criteria
§ 5-28-21-9 Use of grants and loans
§ 5-28-21-10 Grant amount limits
§ 5-28-21-11 Grant use limit
§ 5-28-21-12 Loan or loan guarantee amount limits
§ 5-28-21-13 Combined grant and loan or loan guarantee amount limits
§ 5-28-21-14 Loan security
§ 5-28-21-15 Leased facilities; conditions
§ 5-28-21-16 Deferral of principal and interest
§ 5-28-21-17 Loan interest rate; determination
§ 5-28-21-18 Loan or loan guarantee time limits
§ 5-28-21-19 Duties of sponsors or assistance recipients
§ 5-28-21-20 Duties of corporation
§ 5-28-21-22 Advisory committees
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Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 21 - Small Business Incubator Program

  • 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: has the meaning set forth in Indiana Code 5-28-21-1
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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.
  • fund: refers to the small business incubator fund established by section 6 of this chapter. See Indiana Code 5-28-21-2
  • 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
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • sponsor: means an organization that enters into a written agreement with the corporation to:

    Indiana Code 5-28-21-4

  • tenant: means a sole proprietorship, partnership, limited liability company, or corporation operating a business and occupying space in an incubator. See Indiana Code 5-28-21-5
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5