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) 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) 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: a) high potential for commercialization; b) the creation of "quality jobs" that demonstrate full benefits (including health insurance and retirement) and pay above average wages for the subject county; c) successful experience in a Georgia incubator or Center of Innovation; or d) existence of a unique partnership with one of the State's research universities and state colleges. Cite as Ga. Comp. R. & Regs. R. 413-5-1-.02
Authority: O.C.G.A. Sec. 50-34-1et seq.
History. Original grant description entitled "Definitions" submitted June 27, 2005.
Submitted:Sept. 12, 2006.