Rule 413-5-1-.02. Definitions

The definitions for purposes of this regulation are identical in all respects to the terms defined in O.C.G.A. 50-34-2.

1. (1) Rural County, which is not defined in O.C.G.A. 50-34-2, shall be defined using the most recent data and estimates from the U.S. Bureau of the Census to mean a county with a population less than 50,000 where 10% or more of the population lives in poverty.

2. (2) Strategic Industries. Identified strategic industry sectors in Georgia include but are not limited to: aerospace, agribusiness, energy and environmental, healthcare, eldercare, life sciences, logistics and transportation. In addition, supporting industry clusters may include, but are not limited to: advanced telecommunications, business and financial services, homeland security, multimedia and software development. Individual companies within a strategic industry will typically demonstrate one or more of the following criteria:

   1. a) high potential for commercialization;
   2. b) the creation of "quality jobs" that demonstrate full benefits (including health insurance and retirement) and pay above average wages for the subject county;
   3. c) successful experience in a Georgia incubator or Center of Innovation; or
   4. d) existence of a unique partnership with one of the State's research universities and state colleges.

Submitted:Sept. 12, 2006.

Authority: O.C.G.A. Sec. 50-34-1et seq.

History. Original grant description entitled "Definitions" submitted June 27, 2005.