CHAPTER 2. DEFINITIONS

IC 5-28-2
    Chapter 2. Definitions

IC 5-28-2-1
Applicability
    Sec. 1. The definitions in this chapter apply throughout thisarticle.
As added by P.L.4-2005, SEC.34.

IC 5-28-2-2
"Board"
    Sec. 2. "Board" refers to the board of the corporation establishedunder IC 5-28-4.
As added by P.L.4-2005, SEC.34.

IC 5-28-2-3
"Corporation"
    Sec. 3. Except as otherwise provided, "corporation" refers to theIndiana economic development corporation established byIC 5-28-3-1.
As added by P.L.4-2005, SEC.34.

IC 5-28-2-4
"Economic development"
    Sec. 4. "Economic development" refers to the purposes describedin IC 5-28-1-1.
As added by P.L.4-2005, SEC.34.

IC 5-28-2-5
"Secretary of commerce"
    Sec. 5. "Secretary of commerce" refers to the secretary ofcommerce appointed under IC 5-28-3-4(a).
As added by P.L.4-2005, SEC.34.

IC 5-28-2-5.5
"Job creation incentive"
    Sec. 5.5. "Job creation incentive" means a tax credit, taxdeduction, grant, loan, or loan guarantee that a statute authorizes thestate or an instrumentality of the state (excluding any politicalsubdivision or other unit of local government) to award or approvefor the purpose of encouraging the creation of new jobs in Indiana.
As added by P.L.110-2010, SEC.6.

IC 5-28-2-6
"Small business"
    Sec. 6. For purposes of IC 5-28-17, "small business" means abusiness entity that satisfies the following requirements:
        (1) On at least fifty percent (50%) of the working days of thebusiness entity occurring during the preceding calendar year,the business entity employed not more than one hundred fifty

(150) employees.
        (2) The majority of the employees of the business entity workin Indiana.
As added by P.L.56-2009, SEC.1.