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 project" 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 that 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.