Business Subsidy means a state or local government agency grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business, and as defined by the Business Subsidy Act.
Business Subsidy means tax exemptions or tax credits available to a qualified business located in a job zone, and or a state or local government agency grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business, and as defined by the Business Subsidy statute.
Business Subsidy or “Subsidy” means the tax exemptions provided by the City to the Developer pursuant to the BCDZ Act as outlined in Section 3.
Examples of Business Subsidy in a sentence
Exemption from Metropolitan Council review; Business Subsidy Act.
The report must comply with Section 116J.994, subdivision 7 of the Business Subsidy Act.
The City may choose to apply its Business Subsidy Criteria to other development activities not covered under this statute.
The applicant will be required to comply with the City’s Business Subsidy Policy.
The provisions of this Section constitute the “business subsidy agreement” for the purposes of the Business Subsidy Act.
More Definitions of Business Subsidy
Business Subsidy or "subsidy" means a state or local government agency grant,
Business Subsidy or "subsidy" means a state or local
Business Subsidy or "subsidy" means a grant; contribution of personal property, real property, or infrastructure; the principal amount of a loan at rates below those commercially available to the recipient; any reduction or deferral of any tax or any fee; any guarantee of any payment under any loan, lease, or other obligation; or any preferential use of government facilities given to a business by a state or county agency. The term "business subsidy" or "subsidy shall not include:
Business Subsidy or "subsidy" means a state or local government agency grant, a contribution of personal property, real property, or infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, a reduction or deferral of any tax or fee, a guarantee of payment under loan, lease, or other obligation, or any preferential use of government facilities given to a business. “Local government agency" includes a county, a city or town, a housing authority, a port authority, an
Business Subsidy means the term as defined by Minnesota Statutes, Section 116J.993, Subdivision 3; Business Subsidy Law means Minnesota Statutes, Section 116J.993 through 116J.995; City means the City of Xxxxxx, Minnesota; County means Otter Tail County, Minnesota; Developer means Bongards Creameries, Inc. a Minnesota corporation, its successors and assigns; Development District means Development District No. 2, including the real property described in the Development Program;
Business Subsidy means a state or local government agency grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business, and as defined by the Business Subsidy statute Minnesota Statute §116J.993 - §116J.995. Any grant must be structured as a forgivable loan. For any business subsidy other than a grant, the fair market value of the subsidy including the value of conveying property at less than a fair market price or other in kind benefit.
Business Subsidy or “Subsidy” means the subsidies provided by the City, pursuant to the Business Subsidy Act.