5-28-41-15. Application Process
Sec. 15. (a) An eligible regional economic acceleration and development organization may submit an application to the corporation for a grant or loan from the fund. (b) An application for a grant or loan from the fund must be made on an application form prescribed by the board. (c) An applicant shall provide all information […]
5-28-41-16. Policy Framework for a Readi Program; Approval by the Board; Review by the Budget Committee
Sec. 16. (a) Before July 1, 2021, the corporation shall develop a policy that establishes the framework for a READI program. (b) The policy developed by the corporation shall include detailed information outlining: (1) the entities that are eligible to submit applications for a grant or loan from the fund; (2) the elements of a […]
5-28-42-1. “Eligible Entity”
Sec. 1. As used in this chapter, “eligible entity” means a qualified business that meets the following requirements: (1) The qualified business had less than one hundred (100) full time employees as of December 31, 2019. (2) The qualified business was established before October 1, 2019. (3) The qualified business is in good standing with […]
5-28-42-2. “Fund”
Sec. 2. As used in this chapter, “fund” means the small business restart grant fund established by section 7 of this chapter. As added by P.L.82-2021, SEC.1.
5-28-41-3. “Fund”
Sec. 3. As used in this chapter, “fund” refers to the READI fund established by section 7 of this chapter. As added by P.L.165-2021, SEC.64.
5-28-41-4. “Qualified Nonprofit Organization”
Sec. 4. As used in this chapter, “qualified nonprofit organization” means a private, nonprofit entity formed as a partnership between local units (as defined in IC 4-4-32.2-9), private sector businesses, or community or philanthropic organizations to develop and implement a regional economic acceleration and development strategy that has an organizational structure that conforms with the […]
5-28-41-5. “Readi”
Sec. 5. As used in this chapter, “READI” refers to the regional economic acceleration and development initiative. As added by P.L.165-2021, SEC.64.
5-28-41-6. “Regional Economic Acceleration and Development Strategy”
Sec. 6. As used in this chapter, “regional economic acceleration and development strategy” refers to: (1) a development plan prepared by a development authority under IC 36-7.5-3-4, IC 36-7.6-3-5, or IC 36-7.7-3-4; (2) a comprehensive economic development strategy developed by an eligible regional economic acceleration and development organization; or (3) plans and policies developed by […]
5-28-41-7. Readi Fund; Purposes
Sec. 7. The READI fund is established within the state treasury to do the following: (1) Support the corporation’s READI program. (2) Provide grants or loans to support proposals for economic development and regional economic acceleration and development. As added by P.L.165-2021, SEC.64.
5-28-41-8. Fund Contents
Sec. 8. The fund consists of: (1) appropriations from the general assembly; (2) grants, gifts, and donations intended for deposit in the fund; (3) interest deposited into the fund under section 10 of this chapter; and (4) loan repayments. As added by P.L.165-2021, SEC.64.