Common use of Primary Sector Clause in Contracts

Primary Sector. A primary sector business is defined as a company that adds value to a product, process, or service that results in the flow of wealth into the region and derives 75% of its sales or income from outside the region and immediate marketing area. Targeted primary sector industries include Back Office, Corporate Headquarters, Information Technology, Life Sciences, Manufacturing, Physical Sciences, and Warehouse/Distribution.

Primary Sector. A primary sector business is defined as a company that adds value to a product, process, or service that results in the flow of wealth into the region and derives 75more than 50% of its sales or income from outside the region and immediate marketing area. Targeted primary sector industries include Back Office, Corporate Headquarters, Information Technology, Life Sciences, Manufacturing, Physical Sciences, and Warehouse/Distribution, and other such targeted sectors as appropriate.