As used in this chapter, the following words are defined as follows:
(a) "City" means the area located within the City of Struthers, County of Mahoning and State of Ohio.
(b) "New Employee" means an employee hired by a Qualifying Enterprise to perform work or render services with the City and who has not been employed by the Qualifying Enterprise or Related Enterprise within six (6) months prior to the date of such hire.
(c) "Related Enterprise" means an enterprise that shares a relationship with a Qualifying Enterprise in that twenty-five percent (25%) or more of ownership interests in both enterprises are the same.
(d) "Qualifying Enterprise" means a sole proprietorship, partnership, corporation, limited liability company, enterprise, business, employer, or other like entity that starts or expands a place of business within the City and hires at least one New Employee for that place of business.
(e) "Qualifying Investment" means an investment in real or personal property within the City for business purposes and having a useful life of at least five (5) years or inventory available for resale within the City.
(Ord. 22-066. Passed 12-28-22.)