(a) Corporation shall mean the New York State Urban Development Corporation, a public benefit corporation created by chapter 174 of the Laws of 1968, as amended.

(b) Incubator building shall mean a facility developed in order to provide affordable rent and shared office support services to a number of new and small businesses.

(c) Industrial firm shall mean a manufacturing firm involved with extracting, smelting, recovering, developing, preparing, compounding, converting, assembling or producing in any manner, minerals, raw materials, products or substances of any kind or nature, and shall include facilities related thereto for storage, warehousing or distribution, for research and development or for the discovery of new, and the refinement of known, substances, processes and products.

(d) Industrial park shall mean a parcel or assembly of land, developed according to a comprehensive plan, to provide development sites and/or facilities for business and industrial uses.

(e) Program shall mean the Industrial Effectiveness Expansion, Retention and Attraction Assistance Program created by section 7(b)(3) of the Omnibus Economic Development Act of 1987, chapter 839 of the Laws of 1987, as amended.

(f) Project loans shall mean loans made by the corporation pursuant to the program.

(g) State shall mean the State of New York.

(h) UDC Act shall mean chapter 174 of the Laws of 1968, as amended.