Indiana Code
Chapter 2. Definitions
6-3.6-2-8. "Economic Development Project"

Sec. 8. "Economic development project" means any project that:
(1) the county, city, or town determines will:
(A) promote significant opportunities for the gainful employment of its citizens;
(B) attract a major new business enterprise to the county, city, or town; or
(C) retain or expand a significant business enterprise within the county, city, or town; and
(2) involves an expenditure for:
(A) the acquisition of land;
(B) interests in land;
(C) site improvements;
(D) infrastructure improvements;
(E) buildings;
(F) structures;
(G) rehabilitation, renovation, and enlargement of buildings and structures;
(H) machinery;
(I) equipment;
(J) furnishings;
(K) facilities;
(L) administrative expenses associated with a project described in this section, including contract payments to a nonprofit corporation whose primary corporate purpose is to assist government in planning and implementing economic development projects;
(M) operating expenses of a governmental entity that plans or implements economic development projects; or
(N) substance removal or remedial action in a designated county, city, or town;
or any combination of these.
As added by P.L.243-2015, SEC.10.