As used in this chapter, the following definitions apply:

(1) "Company" means the business entity that is applying for a primary sector business workforce training grant.

(2) "Committee" means the Grant Review Committee established in 39-11-201 , MCA.

(3) "Department" means the Department of Commerce established in 2-15-1801 , MCA.

(4) "Grant" means the workforce training grant made by the committee to a qualifying company.

(5) "Previously existing job" means a full-time job, or a substantially similar full-time job, which was part of a company's payroll in Montana immediately preceding the date of the commencement of the project.

(6) "Project" means a company's hiring and training plan to provide workforce training for workers to obtain the skills needed for new jobs to be created in Montana by the company that is set forth in an application for a grant.

(7) "Sales volume" means gross sales revenues.