Economic development area definition

Economic development area means an area of a municipality designated by the local governing body as appropriate for commercial and industrial enterprises, public improvements related to housing and residential development, or construction of housing and residential development for low and moderate income families, including single or multifamily housing. If an urban renewal plan for an urban renewal area is based upon a finding that the area is an economic development area and that no part contains slum or blighted conditions, then the division of revenue provided in section 403.19 and stated in the plan shall be limited to twenty years from the calendar year following the calendar year in which the municipality first certifies to the county auditor the amount of any loans, advances, indebtedness, or bonds which qualify for payment from the division of revenue provided in section 403.19. Such designated area shall not include agricultural land, including land which is part of a century farm, unless the owner of the agricultural land or century farm agrees to include the agricultural land or century farm in the urban renewal area. For the purposes of this subsection, “century farm” means a farm in which at least forty acres of such farm have been held in continuous ownership by the same family for one hundred years or more.

Economic development area means any area or portion of an area within the boundaries

Economic development area means a site or sites designated by the department of economic development for the purpose of attracting an eligible business and supporting businesses to locate facilities within the state.

Examples of Economic development area in a sentence

• The Commission adopted a declaratory resolution, dated December 13, 2018 ("Central 000xx Xxxxxx Declaratory Resolution") establishing the Central 000xx Xxxxxx Economic Development Area ("Central 000xx Xxxxxx Area"), as confirmed by a confirmatory resolution, dated February 8, 2019 ("Central 000xx Xxxxxx Confirmatory Resolution"), establishing the Central 000xx Xxxxxx Xxxxxxxxxx Xxxx ("Central 000xx Xxxxxx Xxxxxxxxxx Xxxx") within the Central 000xx Xxxxxx Area.

• The Developing the Young Workforce Steering Board reports to the Education Policy Development Scrutiny Panel and membership is drawn from a range of Community Planning partners including, the Chamber of Commerce, Colleges, Education, Social Policy, Economic Development, Area Services, Work Based Learning/Training Providers, NHS Lothian, Voluntary Sector Gateway, Skills Development Scotland, Job Centre Plus and Education Scotland.

• The Noblesville Redevelopment Commission adopted a declaratory resolution on November 14, 2002 creating the Noblesville Corporate Campus West Economic Development Area ("CCW Area"), as amended on April 18, 2008 and May 2, 2014 (collectively, as amended, "CCW Declaratory Resolution"), which was effective as of those dates and was confirmed by confirmatory resolutions adopted on December 3, 2002, as amended on June 6, 2014 (collectively, as amended, "CCW Confirmatory Resolution").

• The RDC hereby commits to consider making an additional appropriation at a future date to pay for the construction costs of the Extension (such amount to be determined at the sole discretion of the RDC) in that tax increment revenues collected from the T.I.F. Areas within the Economic Development Area, to be paid pro rata from the Allocation Areas.

• As an incentive to the Seller to relocate the business it operates at the Property to another location within the City’s Amended Integrated Economic Development Area, the RDC agrees to grant to the FDC, and the FDC agrees to grant to Seller, up to the sum of One Hundred Fifty Thousand Dollars ($150,000.00) (“TIF Incentives”) to partially defray the costs of rehabilitating and repairing commercial property to which Seller relocates.

More Definitions of Economic development area

Economic development area means either of the following:

Economic development area means any area or portion of an area within the boundaries of a development or redevelopment district located within the territorial limits of a municipality or county that is neither a blighted area nor a conservation area and for which the county commission finds that development or redevelopment will not be solely used for development of commercial businesses that will unfairly compete in the local economy and that development or redevelopment is in the public interest because it will:

Economic development area means an area of a

Economic development area means the Eagletown Economic Development Area that was designated by the Declaratory Resolution as an “economic development area” pursuant to Indiana Code 36-7-14-41 and as described in Exhibit A-1 hereto.

Economic development area means the Meridiam Economic Development Area. “Pledge” means the pledge of the Applicable TIF Revenues by the Redevelopment

Economic development area means the East Side Economic Development Area that was designated by the Declaratory Resolution as an "economic development area" pursuant to Indiana Code 36-7-14-41, as amended by the Amendatory Resolution and as described in Exhibit A-1 hereto.

Economic development area means the 46 Corridor Economic Development Area, an economic development area within the District previously established by the Redevelopment Commission in accordance with IC 36-7-14.