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Current as of January 01, 2025 | Updated by Findlaw Staff
The following words and phrases when used in this act shall have the meanings given to them in this section unless the context clearly indicates otherwise:
“Department.” The Department of Community and Economic Development of the Commonwealth.
“Developer.” Any person, partnership, corporation or other for-profit business entity or any nonprofit corporation that has as a purpose the promotion or construction of industrial development projects and that is engaged in the development of real estate for use by more than one company.
“Export service enterprise.”A person, partnership, corporation or other for-profit business entity that renders more than half of its sales or services to customers outside of this Commonwealth.
“Financing programs.”All of the following programs:
(1) The Pennsylvania Industrial Development Authority.
(2) Pennsylvania Economic Development Financing Authority.
(3) Pennsylvania Minority Business Development Authority Board.
(4) The Infrastructure Development Program.
(5) The Opportunity Grant Program.
(6) The Industrial Sites Reuse Program.
(7) The Customized Job Training Program.
(8) The Machinery and Equipment Loan Program.
(9) The Small Business First Program.
(10) Job Creation Tax Credit.
(10.1) The Community Development Bank Grant and Loan Program.
(11) Any other similar program operated by the department.
“Private matching funds.”Any new private investment made by a company or developer in a facility or infrastructure improvement at the site of the enterprise as provided by the department in guidelines under section 702(a). 1
“Research and development enterprise.”A person, partnership, corporation or other for-profit entity engaged in the discovery of new and the refinement of known substances, processes, products, theories and ideas.
“Secretary.” The Secretary of Community and Economic Development of the Commonwealth.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 400.103. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-73-ps-trade-and-commerce/pa-st-sect-73-400-103/
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