When used in this chapter, unless the context otherwise requires:
1. "Agreement" is the agreement between a business and a community college concerning a project.
2. "Board of directors" means the board of directors of a community college.
3. "Community college" means a community college established under chapter 260C.
4. "Date of commencement of the project" means the date of the preliminary agreement.
5. "Eligible business" or "business" means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services and which meets the other criteria established by the Iowa department of economic development. "Eligible business" does not include a business which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state of Iowa. This subsection does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not closed or substantially reduced. "Small business" does not include a business whose training costs can be economically funded under chapter 260E.
"Eligible business" includes the following:"Eligible business" includes the following:
a. Retraining business which is currently conducting retooling of a production facility.
b. Small business which meets other criteria established by the department of economic development relating to business size.
6. "Employee" means the person employed in a new job by a small business or a person currently employed by a business who is to be retrained.
7. "Incremental property taxes" means the taxes as provided in section 260F.4.
8. "Jobs training program" or "program" means the project or projects established by a community college for the creation of jobs by providing education and training of workers for new jobs for a new or expanding small business or for the retraining of workers of an existing business.
9. "New job" means a job in a new or expanding small business but does not include jobs of recalled workers, or replacement jobs or other jobs that formerly existed in the small business in the state of Iowa.
10. "New jobs credit from withholding" means the credit as provided in section 260F.5.
11. "Participating business" means the small business providing new jobs or retraining jobs and which enters into an agreement with the community college.
12. "Program costs" means all necessary and incidental costs of providing program services.
13. "Program services" includes but is not limited to the following:
a. New jobs training.
b. Retraining of existing workers.
c. Adult basic education and job-related instruction.
d. Vocational and skill-assessment services and testing.
e. Training facilities, equipment, materials, and supplies.
f. On-the-job training.
g. Administrative expenses for the jobs training program.
h. Subcontracted services with institutions governed by the state board of regents, private colleges or universities, or other federal, state, or local agencies.
i. Contracted or professional services.
14. "Project" means a training arrangement which is the subject of an agreement entered into between the community college and a business to provide program services.
15. "Retooling" means upgrading, modernizing, or expanding a business to increase the production or efficiency of business operations including, but not limited to, replacing equipment, introducing new manufacturing processes, or changing managerial procedures.
16. "Retraining job" means a job with an existing business that is substantially at risk of becoming displaced within the following ten years due to the retooling of the business.
85 Acts, ch 235, §2 ~ICS85, § 280C.2 ~I90 Acts, ch 1253, § 83; 92 Acts, ch 1042, §1, 2 ~IC93, § 260F.2
Iowa General Assembly
Search: Iowa Code 1995
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