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(1) "Administrator" means the executive director or the executive director's designee.
(2) "Economic opportunities" means unique business situations or community circumstances, including the development of recreation infrastructure and the promotion of the high tech sector in the state, which lend themselves to the furtherance of the economic interests of the state by providing a catalyst or stimulus to the growth or retention, or both, of commerce and industry in the state, including retention of companies whose relocation outside the state would have a significant detrimental economic impact on the state as a whole, regions of the state, or specific components of the state as determined by the GO Utah board.
(3) "Restricted Account" means the restricted account known as the Industrial Assistance Account created in Section 63N-3-103.
(4) "Targeted industry" means an industry or group of industries targeted by the GO Utah board under Section 63N-3-111, for economic development in the state.
(5) "Talent development grant" means a grant awarded under Section 63N-3-112.