Sec. 12. (a) If a district applies to the corporation to have part of the area served by the district designated as a global commerce center, the corporation may approve the district's application if the corporation determines that the district's proposed global commerce center meets the following criteria:
(1) The proposed global commerce center is well suited for the development of a hub and its supporting spokes.
(2) The proposed global commerce center has the support of the surrounding community.
(3) The proposed global commerce center is well suited for the development of at least one (1) of the following:
(A) A high technology activity.
(B) Advanced manufacturing.
(C) Transportation, distribution, and logistics.
(D) Agribusiness.
(b) The corporation may adopt rules under IC 4-22-2 specifying application procedures.
(c) A global commerce center designated under this section must include a hub. The boundaries of the global commerce center are not required to be contiguous. Only one (1) global commerce center pilot program may be designated under this section.
As added by P.L.203-2005, SEC.2.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 26. Global Commerce Center Pilot Program
5-28-26-0.3. Findings Relating to Certain Counties; Legislation Particular to Counties Required
5-28-26-1. "Base Assessed Value"
5-28-26-3. "High Technology Activity"
5-28-26-5. "Income Tax Base Period Amount"
5-28-26-6. "Income Tax Incremental Amount"
5-28-26-7. "Public Facilities"
5-28-26-9. "Tax Increment Revenues"
5-28-26-11. Powers of Corporation
5-28-26-12. Designation of Global Commerce Center
5-28-26-13. Addition of Spokes to Global Commerce Center
5-28-26-14. List of Employers in Global Commerce Center
5-28-26-15. Deadline for Calculation of Income Tax Incremental Amount; Taxpayer Reporting
5-28-26-16. Establishment of Incremental Tax Financing Fund; Deposits; Distributions
5-28-26-17. Allocation of Tax Increment Revenues to District
5-28-26-18. Bonding to Provide Public Facilities in Global Commerce Center
5-28-26-19. Establishment of Regional Economic Development Fund; Permitted Uses
5-28-26-20. Expiration of Global Commerce Center Designation
5-28-26-21. Corporation Discretion to Revoke Global Commerce Center Designation