New Capital Development definition
New Capital Development means any new
New Capital Development means the construction, expansion or lease of a building, or any purchase or lease of new or used equipment, provided that such construction, expansion or lease shall result in the creation of at least one (1) new full-time equivalent job. "Project" means 50% of the total the total expenditure for new capital development for the length of the project, which project shall not exceed three years, and up to 50% of the estimated wages and benefits for not more than 30 employees for the first three years of