2022 Nebraska Revised Statutes
Chapter 81 - State Administrative Departments
81-12,153 - Terms, defined.
81-12,153. Terms, defined.
For purposes of the Business Innovation Act:
(1) Department means the Department of Economic Development;
(2) 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;
(3) Federal grant program means the federal Small Business Administration's Small Business Innovation Research grant program or Small Business Technology Transfer grant program;
(4) Microenterprise means a for-profit business entity with not more than ten full-time equivalent employees;
(5) Prototype means an original model on which something is patterned by a resident of Nebraska or a company located in Nebraska; and
(6) Value-added agriculture means increasing the net worth of food or nonfood agricultural products by processing, alternative production and handling methods, collective marketing, or other innovative practices.
Source
- Laws 2011, LB387, § 2;
- Laws 2015, LB449, § 1;
- Laws 2017, LB217, § 34;
- Laws 2022, LB598, § 6;
- Laws 2022, LB1012, § 21.
- Note: The Revisor of Statutes has pursuant to section 49-769 correlated LB598, section 6, with LB1012, section 21, to reflect all amendments.
- Note: Changes made by LB598 became operative July 21, 2022. Changes made by LB1012 became effective April 5, 2022.
