§ 11.5-28. Definitions.

As used in this article:

Above average annual wage means one hundred fifteen (115) percent or greater of the average annual wage for Hernando County.

Average annual wage means the average annual wage paid to workers in Hernando County as published by the State of Florida, Agency for Workforce Innovation, Labor Market Statistics, for the most current year published.

Applicant means the industrial or business entity seeking to be certified by the county office of business development as a targeted industry pursuant to this article.

Attributable tax increment means the increased increment in the county's ad valorem and tangible property tax base attributable or apportionable to new development, redevelopment or expansion of a targeted industry.

Building permit fees are those fees charged by Hernando County for construction, erection, modification, repair and demolition activities within the county which are governed under the Florida Building Code and charged pursuant to section 553.80, Florida Statutes, and chapter 8, article II, division 4 of this Code.

Full-time or full-time job means any job where the individual performing that job is employed a minimum of forty (40) hours per week.

Impact fees are those fees charged by Hernando County relating to new development and redevelopment activities within the county and charged pursuant to chapter 23, article III of this Code.

Industrial development means the development, and redevelopment or expansion of any commercial or industrial facilities.

New job means the addition of a new full-time job which is wholly based in Hernando County and which previously did not exist as part of the county's total job base.

Office of business development (OBD) is a department within Hernando County under the county administrator that is responsible for promoting and furthering business and economic development within the county including, without limitation, engaging in marketing, advertising, promotional and other efforts to attract new businesses and industries to locate within the county, and further engaging in such efforts to encourage existing business and industries located within the county to expand, and further engaging in such efforts to improve the county's industrial and business property tax base, and further engaging in such efforts which further the creation of new jobs within the county which pay equal to or greater than the average annual wage for Hernando County.

Qualified targeted industry (QTI) are those industries and businesses serving multi-state and/or international markets and that are able to create new jobs at greater than the average annual wage for Hernando County (and specifically excluding all retail activities, utilities, mining and other extraction or processing business, and activities regulated by the division of hotels and restaurants of the department of business and professional regulation) and which have been further approved by the state as a QTI pursuant to section 288.106, Florida Statutes.

Targeted industry (TI) are those industries and businesses primarily serving markets outside of Hernando County and that are able to create new jobs at equal to or greater than average annual wage for Hernando County (and specifically excluding all retail activities, utilities, mining and other extraction or processing business, and activities regulated by thedivision of hotels and restaurants of the department of business and professional regulation) and which have been certified as a TI by the Hernando County Office of Business Development. Examples of TIs include, but are not limited to:

• Aviation and aerospace industry (examples include aircraft manufacturing, maintenance, air freight and passenger charter services);

• Clean manufacturing;

• Corporate headquarters;

• Emerging technologies;

• Financial and professional services (exclusive of retail consumer services);

• Green technologies and energy (examples include solar energy, biomass energy and bio-fuels, water energy, fuel cells, hydrogen, energy conservation waste reduction, and conversion technologies);

• Information technologies (examples include information technology products/services/training, software development, modeling/simulation, photonics/lasers/optics, microelectronics, and telecommunications);

• Life sciences (examples include biotechnology, medical device manufacturing, pharmaceuticals, and health care equipment);

• Logistics and distribution warehousing.

In determining whether an industry or business initially qualifies as a TI, the director of the county office of business development may take into consideration whether said industry or business is listed in the list of target industries prepared by Enterprise Florida, Inc. in connection with the QTI program; however, certification as a TI by the county office of business development is not dependent on whether the same industry or business is approved or listed as a QTI by Enterprise Florida, Inc. or the State of Florida.

(Ord. No. 2008-21, § 1, 10-21-08)