2022 Nebraska Revised Statutes
Chapter 81 - State Administrative Departments
81-12,108 - Terms, defined.
81-12,108. Terms, defined.
For purposes of the Nebraska Innovation Hub Act:
(1) Department means the Department of Economic Development;
(2) Director means the Director of Economic Development;
(3) Economic redevelopment area means an area in the State of Nebraska in which:
(a) The average rate of unemployment in the area during the period covered by the most recent federal decennial census or American Community Survey 5-Year Estimate by the United States Bureau of the Census is at least one hundred fifty percent of the average rate of unemployment in the state during the same period; and
(b) The average poverty rate in the area is twenty percent or more for the federal census tract in the area;
(4) iHub area means the geographical area in this state in which an iHub will operate. An iHub area shall be located within:
(a) An economic redevelopment area; or
(b) An enterprise zone designated pursuant to the Enterprise Zone Act;
(5) iHub partner means an entity described in section 81-12,111 that collaborates with an iHub for purposes of driving economic growth within an iHub area;
(6) Innovation hub or iHub means a private nonprofit corporation that is designated by the director as an iHub; and
(7) Postsecondary educational institution means a two-year or four-year college or university which is a member institution of an accrediting body recognized by the United States Department of Education.
Source
- Laws 2022, LB450, ยง 3.
- Effective Date: July 21, 2022
Cross References
- Enterprise Zone Act, see section 13-2101.01.
