2012 Revised Code of Washington
Title 43 - STATE GOVERNMENT — EXECUTIVE
43.176 Small business incubator program.
43.176.020 Definitions.
RCW 43.176.020 Definitions.
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
(1) "Business incubator" means a facility that offers:
(a) Space for start-up and expanding firms;
(b) The shared use of equipment and work areas;
(c) Daily management support services essential to high-quality commercial operations; and
(d) Technical assistance.
(2) "Qualified small business incubator" means an incubator that is:
(a)(i) Designated as a nonprofit organization under section 501(c)(3) of the internal revenue code, or (ii) consists of a partnership between a designated nonprofit organization under section 501(c)(3) of the internal revenue code and a government or quasi-government agency;
(b) Focused on developing small businesses in an economically distressed or disadvantaged area; and
(c) Structured around a sound business plan.
[2004 c 237 § 2.]
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