§ 159.503. Definitions.

Latest version.

(A)

Qualified Target Industry Business: A new or expanding business in the City that has a positive economic and fiscal impact on the City and meets the requirements of F.S. § 288.106, or its statutory successor in function, as a qualified target industry business.

(B)

Applicant: Any person, company, research institute or business park developer that will house qualified target industry businesses.

(C)

Locally Owned and Operated Small Business: A Qualified Target Industry Business continually operated in the City for at least three years which is owned and operated by a St. Lucie, Martin, Indian River or Okeechobee County resident whose homestead is located in St. Lucie, Martin, Indian River or Okeechobee County, and which employs 50 or fewer employees.

(Ord. No. 17-80, § 2, 11-27-17)

                    
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