4.__Commissioner.__"Commissioner" means the Commissioner of Economic and Community Development.

5.__Department.__"Department" means the Department of Economic and Community Development.

6.__Pine Tree Development Zone.__"Pine Tree Development Zone" means a specified area within the corporate limits of a municipality or the corporate limits of cooperating municipalities in a multijurisdictional application that has been designated as a Pine Tree Development Zone in accordance with chapter 120 and approved by the commissioner.

7.__Pine Tree Development Zone benefits.__"Pine Tree Development Zone benefits" means:

A.__Municipal tax increment financing under subchapter 1;

B.__Employment tax increment financing under Title 36, chapter 917; and

C.__The Pine Tree Development Zone tax credit provided by Title 36, section 5219-W.

8.__Financial services.__"Financial services" means services provided by an insurance company subject to taxation under Title 36, chapter 357; a financial institution subject to taxation under Title 36, chapter 819; or a mutual fund service provider as defined in Title 36, section 5212, subsection 1, paragraph E.

9.__Manufacturing.__"Manufacturing" means the production of tangible personal property intended to be sold or leased ultimately for final use or consumption or the production of tangible personal property pursuant to a contract with the Federal Government or any agency thereof.

10.__Qualified Pine Tree Development Zone business.__ "Qualified Pine Tree Development Zone business" means any for- profit business in the State engaged in financial services or manufacturing or a targeted technology sector that adds qualified Pine Tree Development Zone employees above its base level of employment in the State and that meets the following criteria:

A.__The industrial sector in which it principally operates is identified in the state economic development strategy as a targeted growth sector;