Definitions

As used in 429 CMR 2.00, unless the context clearly requires otherwise, the followingterms shall mean: Adjustment Factor - See 429 CMR 2.05(3)(b)3. Base Valuation - See 429 CMR 2.05(3)(b)2. Economic Assistance Coordinating Council (EACC) - the council established pursuant to M.G.L. c. 23A, § 3B. Economic Target Area (ETA) - an area of the Commonwealth designated as such by the EACC pursuant to M.G.L. c. 23A, § 3D and 402 CMR 2.06. Exemption Percentage - See 429 CMR 2.05(3)(b)1. Inflation Factor - See 429 CMR 2.05(3)(b)4. Manufacturing Facilities – corporations classified as manufacturingcorporations under M.G.L. c. 58, § 2, as determined by the Commissioner of the Department of Revenue under 830 CMR 58.2.1(6) through (9). Municipality - a city or town in the Commonwealth or, in a case in which two or more cities or towns agree to act jointly for some purpose hereunder then, collectively, all cities and towns participating in such a collaborative agreement. Project - a manufacturing workforce training project that will be developed withina MWT-TIF Zone by a private or not-for-profit developer in furtherance of the objectives of a MWT-TIF Plan and in accordance with a MWT-TIF Agreement between the property owner and the municipality. MWT-TIF Agreement - See 429 CMR 2.05(6). MWT-TIF Exemption - See 429 CMR 2.05(3). MWT-TIF Plan - the comprehensive plan of one or more municipalities for the development of a MWT-TIF Zone. The MWT-TIF Plan shall be prepared in accordance with the requirements of M.G.L. c. 40, § 60A and 429 CMR 2.05 and must be certified as an approved plan by the EACC. MWT-TIF Program - a program administered by the EACC which allows a municipality to use property tax incentives to encourage development in a MWT-TIF Zone. MWT-TIF Project - any project within a MWF-TIF Zone or anypublic projectnecessaryto further the objectives of the MWT-TIF Plan and for which a property owner and a municipality have entered into a MWT-TIF Agreement. MWT-TIF Zone - See 429 CMR 2.04; a MWT-TIF Zone shall be within an area approved by the EACC and included in a MWT-TIF Plan approved by the EACC.