KRS 154.12-342: Definitions for KRS 154.12-342 to 154.12-348.

As used in KRS 154.12-342 to 154.12-348:

(1) "Authority" means the Kentucky Economic Development Finance Authority;

(2) "Cabinet" means the Cabinet for Economic Development;

(3) "Eligible grant applicant" means a county or city governing body, or entity

organized under Kentucky law providing public services or a nonprofit charitable

organization organized under 26 U.S.C. sec. 501(c)(3) or (6) engaged in economic

development, workforce investment, talent development, or community

development;

(4) "Eligible p roject" means a talent investment initiative established by an eligible

grant applicant and approved by the authority, which may include one (1) or more

of the following:

(a) A plan to relocate employees or households from outside Kentucky;

(b) A plan to retain Kentucky students; or

(c) A targeted marketing campaign to engage potential new residents;

(5) "Fund" means the Kentucky Talent Recruitment Grant Program fund established in

KRS 154.12-348;

(6) "Household goal" means the total number of households th at a talent recruitment

program seeks to incentivize for relocating or committing to relocate from outside

Kentucky to a Kentucky locality;

(7) "Program" means the Kentucky Talent Recruitment Grant Program;

(8) "Regional project" means an eligible project that is proposed by eligible grant

applicants residing or having a primary business address in different counties in this

Commonwealth; and

(9) "Retention goal" means the total number of Kentucky students an eligible project

seeks to retain.