Section 81-12,108 - [Operative Until three calendar months after the adjournment of the session] Terms, definedFor purposes of the Nebraska Innovation Hub Act:
(1) Department means the Department of Economic Development;(2) Director means the Director of Economic Development;(3) Economic redevelopment area means an area in the State of Nebraska in which: (a) The average rate of unemployment in the area during the period covered by the most recent federal decennial census or American Community Survey 5-Year Estimate by the United States Bureau of the Census is at least one hundred fifty percent of the average rate of unemployment in the state during the same period; and(b) The average poverty rate in the area is twenty percent or more for the federal census tract in the area;(4) iHub area means the geographical area in this state in which an iHub will operate. An iHub area shall be located within:(a) An economic redevelopment area; or(b) An enterprise zone designated pursuant to the Enterprise Zone Act;(5) iHub partner means an entity described in section 81-12,111 that collaborates with an iHub for purposes of driving economic growth within an iHub area;(6) Innovation hub or iHub means a private nonprofit corporation that is designated by the director as an iHub; and(7) Postsecondary educational institution means a two-year or four-year college or university which is a member institution of an accrediting body recognized by the United States Department of Education.Neb. Rev. Stat. § 81-12,108
Added by Laws 2022, LB 450,§ 3, eff. 7/21/2022.This section is set out more than once due to postponed, multiple, or conflicting amendments.