| | | 2.__Applicant.__"Applicant" means any unit of local government | | and any group of cooperating units of local government in the | | State that apply for designation as a Pine Tree Development Zone | | under section 5250-J. |
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| | | 3.__Average employment during base period.__"Average | | employment during base period" for a business means the total | | number of qualified employees of that business on each of 6 | | consecutive measurement days in each of the 3 calendar years in | | the base period as chosen by the business divided by 18. |
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| | | 4.__Base level of employment. "Base level of employment" means | | the greater of either the total employment in the State of a | | business and its affiliated businesses as of the December 31st | | immediately preceding its certification as a qualified Pine Tree | | Development Zone business or its average employment during the | | base period. |
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| | | 5.__Base period.__"Base period" means the 3 calendar years | | prior to the year in which a business is certified as a qualified | | Pine Tree Development Zone business. |
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| | | 6.__Commissioner.__"Commissioner" means the Commissioner of | | Economic and Community Development. |
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| | | 7.__Department.__"Department" means the Department of Economic | | and Community Development. |
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| | | 8.__Financial services.__"Financial services" means services | | provided by an insurance company subject to taxation under Title | | 36, chapter 357; a financial institution subject to taxation | | under Title 36, chapter 819; or a mutual fund service provider as | | defined in Title 36, section 5212, subsection 1, paragraph E. |
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| | | 9.__Labor market average weekly wage.__"Labor market average | | weekly wage" means the average weekly wage as published by the | | Department of Labor for the labor market or markets in which | | potential qualified Pine Tree Development Zone employees are | | located for the 12 most recently reported months preceding the | | date of application for zone designation. |
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| | | 10.__Labor market unemployment rate.__"Labor market | | unemployment rate" means the average unemployment rate as | | published by the Department of Labor for the labor market or | | markets in which potential qualified Pine Tree Development Zone | | employees are located for the 12 most recently reported months | | preceding the date of application for zone designation. |
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| | | 11.__Manufacturing.__"Manufacturing" means the production of | | tangible personal property intended to be sold or leased |
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