"Applicant" means a business applying for
assistance under the program.
"Authority" means the economic development
authority created in Iowa Code section
15.105.
"Authority's website" means the information
and related content found at www.iowaeda.com and may include integrated
content at affiliate sites.
"Board" means the same as defined in Iowa
Code section 15.102.
"Eligible business" means a business meeting
the requirements of rule
261-119.3 (15).
"Financial assistance" means the same as
defined in Iowa Code section
15.102.
"Full-time equivalent job" or
"full-time" means the employment of one person:
1. For 8 hours per day for a five-day,
40-hour workweek for 52 weeks per year, including paid holidays, vacations and
other paid leave; or
2. The number
of hours or days per week, including paid holidays, vacations and other paid
leave, currently established by schedule, custom, or otherwise, as constituting
a week of
full-time work for the kind of service an individual performs for an
employing unit, provided that the number of hours per week is at least 32 hours
per week for 52 weeks per year, including paid holidays, vacations, and other
paid leave.
For purposes of this definition, "employment of one person"
means the employment of one natural person and does not include "job sharing"
or any other means of aggregation or combination of hours worked by more than
one natural person.
"Manufacturing 4.0 technology investments"
or "investments" means the same as "manufacturing 4.0
technology investments" defined in Iowa Code section
15.371.
"Program" means the manufacturing 4.0
technology investment program established in this chapter.
Notes
Iowa Admin.
Code r. 261-119.2
Adopted by
IAB
October 6, 2021/Volume XLIV, Number 7, effective
9/17/2021
Adopted by
IAB
December 11, 2024/Volume XLVII, Number 11, effective
1/15/2025
