Section 870-RICR-10-00-1.3 - DefinitionsA. For the purposes of these regulations, the following terms shall have the following meanings: 1. "Authorization for expedited permit review" or "Authorization" means an authorization issued by the Rhode Island Commerce Corporation (or "Corporation") as set forth in R.I. Gen. Laws § 42-117-4.2. "Board of directors of the Rhode Island Commerce Corporation" or "Board" means the board of directors of the Corporation established pursuant to R.I. Gen. Laws § 42-117-4 et. seq.3. "Governor" means the Governor of the State of Rhode Island and Providence Plantations (or "State").4. "High wage full time employee" or "High wage employee" means any employee of a person or an employee of a contractor of such person as certified pursuant to these regulations who: a. was not previously working full time in Rhode Island for the Project's applicant and will work a minimum of thirty (30) hours per week at the Project; andb. will earn no less than One Hundred Five Percent (105%) of the average annual income in Rhode Island.5. "Operational stage" means the point at which the project is implemented and the Project's effect is realized.6. "Person" means any natural person, company, corporation, quasi-public corporation, partnership, or any business entity.7. "Project of critical economic concern" or "Project" means an undertaking designated by the Board to be significant, in its Operational Stage, by its ability to enhance, promote and encourage business, commerce and manufacturing in Rhode Island and stimulate jobs and relieve underemployment and unemployment in Rhode Island pursuant to R.I. Gen. Laws § 42-117-3 and to create new high wage job opportunities in Rhode Island or to create new or renovated office, research and manufacturing capacity in Rhode Island. In order to qualify as a Project, the applicant shall demonstrate to the Corporation's satisfaction that: a. In addition to any construction jobs at the Project, (1) at least One Hundred (100) new full times jobs shall be created by the Project; and(2) the average annual income for all of the new full time jobs created by the Project shall be no less than One Hundred Five Percent (105%) of the State's average annual income; and(3) no less than Fifty Percent (50%) of the new full time jobs created by the Project shall be comprised of High Wage Employees; orb. the Project shall be comprised of the construction or rehabilitation of no less than Fifty Thousand (50,000) Square Feet of space that is used for office, research or manufacturing uses and such office, research, industrial or manufacturing uses shall comprise no less than Fifty Percent (50%) of the total Project; andc. The municipality (ies) in which the Project is located have demonstrated support for the Project and have utilized their municipal powers to coordinate permitting of the Project to the maximum extent reasonably allowed by law.8. "State agency" means any office, department, board, commission, bureau, division, authority, public corporation, agency or instrumentality of the State.870 R.I. Code R. 870-RICR-10-00-1.3