1)  Affiliated Business – an entity which directly or indirectly owns or controls 5% or more of the voting rights or 5% or more of the value of all classes of stock of both the taxpayer receiving the benefits and a corporation surrendering the benefits.

2) Allowable Expenditures – The proceeds of the sale of the tax benefit certificate must be used to fund expenses incurred in connection with the operation of the new or expanding, emerging technology or biotechnology company in the State, including but not limited to the expenses of fixed assets, such as the construction, acquisition and development of real estate, materials, start-up, tenant fit-out, salaries, research and development expenditures and any other expenses determined by the NJEDA to be necessary to carry out the purposes of the New Jersey Emerging Technology and Biotechnology Financial Assistance Program.