Definitions.

RCW 43.176.020

in effect

The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Business incubator" means a facility that offers: (a) Space for start-up and expanding firms; (b) The shared use of equipment and work areas; (c) Daily management support services essential to high quality commercial operations; and (d) Technical assistance. (2) "Qualified small business incubator" means an incubator that is: (a)(i) Designated as a nonprofit organization under section 501(c)(3) of the internal revenue code, or (ii) consists of a partnership between a designated nonprofit organization under section 501(c)(3) of the internal revenue code and a government or quasi-government agency; (b) Focused on developing small businesses in an economically distressed or disadvantaged area; and (c) Structured around a sound business plan. The definitions in this section apply throughout this chapter unless the context clearly requires otherwise. (1) "Business incubator" means a facility that offers: (a) Space for start-up and expanding firms; (b) The shared use of equipment and work areas; (c) Daily management support services essential to high quality commercial operations; and (d) Technical assistance. (2) "Qualified small business incubator" means an incubator that is: (a)(i) Designated as a nonprofit organization under section 501(c)(3) of the internal revenue code, or (ii) consists of a partnership between a designated nonprofit organization under section 501(c)(3) of the internal revenue code and a government or quasi-government agency; (b) Focused on developing small businesses in an economically distressed or disadvantaged area; and (c) Structured around a sound business plan.

Source: WA Statutes (Official Site)URL: https://app.leg.wa.gov/RCW/default.aspx?cite=43.176&full=trueFetched: 6/29/2026