Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.
Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.
Economic Development Property means those items of real and tangible personal property of the Project which are eligible for inclusion as economic development property under the FILOT Act and this Fee Agreement, and selected and identified by the Company or any Sponsor Affiliate in its annual filing of a SCDOR PT-300S or comparable form with the Department (as such filing may be amended from time to time) for each year within the Investment Period.
Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.
Development Contribution means the amount of money referred to in item 5 of the Schedule;
Economic activities shall in principle include activities of an industrial, commercial and professional character and activities of craftsmen;
Economic development incentive means a financial incentive,
Planned development means a real property development other than a community apartment project, a condominium project, or a stock cooperative, having either or both of the following features:
Planned unit development means a subdivision characterized by a unified site design, clustered residential units and/or commercial units, and areas of common open space.
economic activity means putting goods or services on a market. It is not necessary to make a profit to be engaged in economic activity: if others in the market offer the same good or service, it is an economic activity.
Initial Development Plan has the meaning set forth in Section 3.2(b).
spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;
Global Development Plan has the meaning set forth in Section 3.1.
Development Area means that area to which a development plan is applicable.
Mixed use development means a Building used, designed or intended for Residential and Non-Residential uses, where:
Research and development facility means an establishment engaged in laboratory, scientific, or experimental testing and development related to new products, new uses for existing products, or improving existing products. The term does not include an establishment engaged in efficiency surveys, management studies, consumer surveys, economic surveys, advertising, promotion, banking, or research in connection with literary, historical, or similar projects.
Infill development means new construction on a vacant commercial lot currently held as open space.
Major development means an individual “development,” as well as multiple developments that individually or collectively result in:
Commercial Development Plan means the written commercialization plan attached as Appendix E.
Improvement Fund means the Improvement Fund for General Obligation Temporary Notes, Series 2017-1 created pursuant to Section 501 hereof.
New development means development resulting from the conversion of previously undeveloped land or agricultural land uses.
Non-profit housing development means development of a building or structure intended for use as residential premises by,
Development Data means all non-clinical, clinical, technical, chemical, safety, and scientific data and information and other results, including relevant laboratory notebook information, screening data, and synthesis schemes, including descriptions in any form, data and other information, in each case, that is generated by or resulting from or in connection with the conduct of Development of Products.
Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.
Development Site means any parcel or lot on which exists or which is intended for building development other than the following:
Existing development means development, other than that associated with agricultural or forest management activities, that meets one of the following criteria: