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Nebraska Revised Statutes Chapter 81. State Administrative Departments § 81-12,108. Terms, defined

Current as of January 01, 2024 | Updated by Findlaw Staff

For purposes of the Nebraska Innovation Hub Act:

(1)Department means the Department of Economic Development;

(2)Director means the Director of Economic Development;

(3)Economic redevelopment area means an area in the State of Nebraska in which:

(a) The average rate of unemployment in the area during the period covered by the most recent American Community Survey 5-Year Estimate by the United States Bureau of the Census is at least one hundred fifty percent of the average rate of unemployment in the state during the same period; and

(b) The average poverty rate in the area is twenty percent or more for the federal census tract in the area;

(4)iHub area means the geographical area in this state in which an iHub will operate. An iHub area shall be located within:

(a) An economic redevelopment area;

(b) An enterprise zone designated pursuant to the Enterprise Zone Act;

(c) An inland port district as defined in section 13-3303;

(d) Thirty miles of the largest artificial reservoir constructed in this state for the storage of water; or

(e) Any county having a population of less than one hundred thousand inhabitants;

(5)iHub partner means an entity described in section 81-12,111 that collaborates with an iHub for purposes of driving economic growth within an iHub area;

(6)Innovation hub or iHub means a private nonprofit corporation that is designated by the director as an iHub or an inland port authority created under the Municipal Inland Port Authority Act; and

(7)Postsecondary educational institution means a two-year or four-year college or university which is a member institution of an accrediting body recognized by the United States Department of Education.

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Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 81. State Administrative Departments § 81-12,108. Terms, defined - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-81-state-administrative-departments/ne-rev-st-sect-81-12-108/

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