Economic Development Costs definition

Economic Development Costs means the costs and expenses incurred or to be incurred by the state in connection with economic development projects and the recruitment of industrial prospects to the state including, without limitation, site preparation and infrastructure improvements, the costs of training and educating workers in the state and acquiring and constructing training facilities in the state, together with the costs, expenses and fees incurred in connection with the issuance of General Obligation Bonds for such purposes and the costs for obtaining bond insurance and other forms of credit enhancement on General Obligation Bonds issued for such purposes, and the reimbursement to any person of any of the foregoing costs incurred by such person either for its own account or for the account of the State of Alabama, its agencies or authorities.
Sample 1

Examples of Economic Development Costs in a sentence

  • The Economic Development Sales Tax Increment shall be apportioned only to the Economic Development Costs described in Section VIII or as authorized by the City pursuant to Section VIII.C.

  • If this collection is not conducted in a state that CMS determines lacks authority to enforce or is not substantially enforcing the market reforms and the State does not collect these form filings, consumers in such state may not receive the protections to which they are entitled under these Federal laws.

  • Environmental Projects Relating to Economic Development: Costs of funding environmental improvement projects developed by the municipality for commercial or arts district use or related to such activities.

  • According to MacLean’s National Municipal Performance Report, Halifax has Economic Development Costs per Capita (2005 to 2007) of$53.

  • Combine Redevelopment and City Corporate Support Functions and Shift Economic Development Costs to Maximum Extent Possible ($5.4 million).

  • National Economic Development Procedures Manual-National Economic Development Costs, Report 93-R-12, June 1993, at http://www.iwr.usace.army.mil/Portals/70/docs/iwrreports/93r12.pdf.

  • Estimated National Economic Development Costs of MRRMP-EIS Alternativesto Hydropower 17Table 5.

Related to Economic Development Costs

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • Development Budget means the cost categories listed on Pages 8 - 11 in Form 3 that are directly related to the proposed Project as submitted in the Application. Indirect or off-site costs not directly related to the development of the project are not valid or eligible costs.