Sec. 4. As used in this chapter, "high growth company with high skilled jobs" means a company that satisfies all the following conditions:
(1) The company:
(A) had at least a fifteen percent (15%) average annual growth in company earnings during the past three (3) years;
(B) is entering a new product or process area; or
(C) is classified in an industry that had at least a fifteen percent (15%) average annual growth in earnings during the past three (3) years.
(2) The company has a substantial number of employees in jobs:
(A) requiring postsecondary education or its equivalent; or
(B) that are in occupational codes classified as high skill by the Bureau of Labor Statistics, United States Department of Labor.
(3) The company has a substantial number of employees that earn at least one hundred fifty percent (150%) of Indiana per capita personal income.
As added by P.L.162-2007, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 30. Industrial Development Loan Guaranty Program
5-28-30-4. "High Growth Company With High Skilled Jobs"
5-28-30-5. "Industrial Development Project"
5-28-30-8. "Security Agreement"
5-28-30-9. Industrial Development Project Guaranty Fund
5-28-30-10. Power to Guarantee Loans and Leases
5-28-30-12. Power to Guarantee an Unsecured Loan
5-28-30-13. Premiums; Fees; Charges
5-28-30-16. Power to Allow Subordination
5-28-30-17. Power to Make Direct Loans
5-28-30-19. Expense; Reimbursement by Borrower
5-28-30-20. Transfer of Funds to the Capital Access Account
5-28-30-21. Exemption From Securities Registration Laws