P.R. Laws tit. 29, § 2101
The following words and terms shall have the meaning indicated below when used or referred to in this chapter except when the context clearly indicates otherwise:
(a) Administration.— Shall mean the Commercial Development Administration.
(b) Fringe benefits.— Shall mean all pensions, insurance, medical insurance, social security, liquidation payment for termination, leaves and Christmas bonus, and any other benefit received by the employees, or that future employees of such enterprise will receive by initiative thereof or by law, without impairing the “employment vouchers”.
(c) Urban center.— Shall mean a geographic area in the heart or center of a town or city which has been defined as such by the municipality in a plot plan or designated as an historic zone, or is delimited by the City Planning Directs Office with the advice of the Planning Board and in close coordination with the mayor of the municipality subject to be renewed.
(d) Certificate of direct employment.— Shall mean the document that indicates that the participant is qualified to receive the wage incentive. This certificate shall be issued by the Administration. Certificates shall bear the specific name of the employee, although it shall be the business that shall process the issue. The certificates shall be nontransferable and shall be valid only for the person whose narre that appears on it.
(e) Department.— Shall mean the Department of Labor and Human Resources.
(f) Enterprises.— Shall mean the profitable or nonprofit private entities identified with manufacturing, commerce, services, tourism, construction, agriculture, agro-industry, recycling, or technology that are interested or that receive the wage incentives established in this chapter.
(g) Self-employment enterprise.— Shall mean a firm in which the owner is also the sole employee.
(h) Small business.— Shall mean a small business with annual gross sales that do not exceed five million dollars ($5,000,000), and twenty five (25) employees or less. As a general rule in a small business the owner supplies the capital and is usually part of its management, and its operations are located in Puerto Rico.
History —June 17, 1996, No. 54, § 2; Aug. 19, 1997, No. 90, § 1; renumbered as § 3 by § 2 and amended by § 4 on Aug. 20, 2003, No. 202.