RCW 43.176.020
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/wa/title-43/chapter-43-176/43-176-020·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The definitions in this section apply throughout this chapter unless the context clearly requires otherwise.
(1)"Business incubator" means a facility that offers:
(a)Space for start-up and expanding firms;
(b)The shared use of equipment and work areas;
(c)Daily management support services essential to high quality commercial operations; and
(d)Technical assistance.
(2)"Qualified small business incubator" means an incubator that is:
(a)(i) Designated as a nonprofit organization under section 501(c)(3) of the internal revenue code, or
(ii)consists of a partnership between a designated nonprofit organization under section 501(c)(3) of the internal revenue code and a government or quasi-government agency;
(b)Focused on developing small businesses in an economically distressed or disadvantaged area; and
(c)Structured around a sound business plan.
[ 2004 c 237 s 2 .]