Business Subsidy definition

Business Subsidy means a state or local government agency grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business, and as defined by the Business Subsidy Act.
Business Subsidy means tax exemptions or tax credits available to a qualified business located in a job zone, and or a state or local government agency grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business, and as defined by the Business Subsidy statute.
Business Subsidy or "subsidy" means a state or local government agency grant,

Examples of Business Subsidy in a sentence

  • The Tax Increment District is soil deficiency district and the public purpose of the Business Subsidy is to encourage the construction of commercial, office, industrial, manufacturing and/or warehouse and distribution facilities.


More Definitions of Business Subsidy

Business Subsidy or “Subsidy” means the tax exemptions provided by the City to the Developer pursuant to the BCDZ Act as outlined in Section 3.
Business Subsidy or "subsidy" means a state or local government agency grant, a contribution of personal property, real property, or infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, a reduction or deferral of any tax or fee, a guarantee of payment under loan, lease, or other obligation, or any preferential use of government facilities given to a business. “Local government agency" includes a county, a city or town, a housing authority, a port authority, an
Business Subsidy or "subsidy" means a state or local government agency grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of taxes or any fee, and guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business for the purpose of job creation or retention.
Business Subsidy means the cumulative value of the City Tax Abatement Program, the County Tax Abatement Program, and the other public assistance provided in support of the Project under Section 3.11; City means the City of Waseca, Minnesota;
Business Subsidy means a state or local government agency grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business, and as defined by the Business Subsidy statute Minnesota Statute §116J.993 - §116J.995. Any grant must be structured as a forgivable loan. For any business subsidy other than a grant, the fair market value of the subsidy including the value of conveying property at less than a fair market price or other in kind benefit.
Business Subsidy or "subsidy" means a state or local
Business Subsidy means a City, HRA, or EDA grant, contribution of personal property, real property, infrastructure, the principal amount of a loan at rates below those commercially available to the recipient, any reduction or deferral of any tax or any fee, any guarantee of any payment under any loan, lease, or other obligation, or any preferential use of government facilities given to a business. Certain forms of financial assistance set forth in Section 116J.993, subd. 3 of the Business Subsidy Act are not considered a Business Subsidy.