Ga. Comp. R. & Regs. R. 413-3-.07 - Review of Grant Applications
All applications received from eligible applicants will be reviewed in a timely manner to determine the merit of the applications and the proposed use of funds.
* Increase in the numbers and/or types of jobs,
* Retention of quality jobs,
* Improvement in quality of jobs,
* Diversification of local or regional economy,
* Strengthening regional industry clusters,
* Increase in private capital investment and new investment opportunities,
* Increase in new business starts and entrepreneurial opportunities. Projects will be rated by criteria including but not limited to:
* Project readiness,
* Project feasibility,
* Degree of private investment or support,
* Degree of local financial commitment,
* Reasonableness of cost estimates,
* Strength of business plan,
* Rationale for equipment or process improvements,
* Impact on the state, regional and community economy and tax base,
* Value of property enhancements relative to state's economic development strategy,
* Consistency with local and regional development goals and objectives,
* Financing need (applicant demonstration that no other funds available to complete the project),
* Tier status.
Notes
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