§ 6.120.025. Definitions.

Latest version.

The following words, terms and phrases, when used in this chapter, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

AEDC means the Anchorage Economic Development Corporation.

Economic development project means construction or renovation of depreciable property for a private business that will create eligible jobs through new and expanded business operations that substantially serve markets outside the state and visitors to the state, or provide goods and services not generally provided by businesses located in the state.

Eligible jobs means full-time equivalent jobs for five continuous years, excluding construction jobs, which are tied directly to the economic development project.

Fund means the economic development fund.

(AO No. 89-127, 9-26-89)

Cross reference

Definitions and rules of construction generally, § 1.05.020.

                    
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