Mississippi § 57-117-3 - Definitions [Repealed effective July 1, 2022].

§ 57-117-3. Definitions [Repealed effective July 1, 2022].

In this chapter: “Health care industry facility” means: A business engaged in the research and development of pharmaceuticals, biologics, biotechnology, diagnostic imaging, medical supplies, medical equipment or medicine and related manufacturing or processing, medical service providers, medical product distribution, or laboratory testing that creates a minimum of twenty-five (25) new full-time jobs and/or Ten Million Dollars ($10,000,000.00) of capital investment after July 1, 2012; or A business that (a) is located on land owned by or leased from an academic health science center with a medical school accredited by the Liaison Committee on Medical Education and a hospital accredited by the Joint Committee on Accreditation of Healthcare Organizations and (b) creates a minimum of twenty-five (25) new jobs and/or Twenty Million Dollars ($20,000,000.00) of capital investment after July 1, 2012. “MDA” means the Mississippi Development Authority. “Health care industry zone” means a geographical area certified by the MDA as provided for in Section 57-117-5. “Local government unit” means any county or incorporated city, town or village in the State of Mississippi. “Person” means a natural person, partnership, limited liability company, association, corporation, business trust or other business entity. “Qualified business” means a business or health care industry facility that meets the requirements of Section 57-117-7 and any other requirements of this chapter.