WVC 18 B- 13 - 1
§18B-13-1. Legislative findings; intent; definition.
(a) Legislative findings. --
The Legislature finds that a
pressing need exists for collaborative research and development
between institutions of higher education and industry. This need
also extends to assisting companies to develop and adapt to new
technology. A commitment by the state to support cooperative
partnerships between higher education and industry preserves
existing jobs and creates new jobs; promotes development of
business enterprises and helps them become competitive; and enables
West Virginia to achieve the goals of economic growth and full
employment by revitalizing and diversifying the economy. Focused
research and technical assistance efforts related to West Virginia
industry advances such development, improves technology transfer,
assists companies in becoming growth leaders and links basic
research and technological developments to economic advancement.
(b) Legislative intent. -- It is the intent of the Legislature
to adopt the following as state goals to be reached through applied
science and technology and partnership programs:
(1) Moving West Virginia into the forefront of science and
(2) Attracting business, federal contracts and industry; and
(3) Creating jobs for the people of this state.
(c) Definition. -- As used in this article, "Qualified
business" means a business registered to do business in this state
which is engaged in science and technology related "manufacturing" (as defined in section three, article thirteen-s, chapter eleven of
this code) or science and technology related "research and
development" (as defined in section three, article thirteen-q, or
section three, article thirteen-r, chapter eleven of this code)
within a research zone, park or technology center.
Note: WV Code updated with legislation passed through the 2012 1st Special Session