Project means expenses incurred or to be incurred at one qualified location for:

(1) Site acquisition and preparation, utility extensions, and rail spur construction for the development of a new industrial rail access business park, including any such expenses incurred to assist an initial tenant at such business park that conducts business in the manufacturing, processing, distribution, or transloading trades; or

(2) Site acquisition and preparation and rail spur construction within thirty miles of the largest reservoir in this state.