Iowa Admin. Code r. 261-119.5 - Application scoring criteria
(1) When applications for financial
assistance under the program are reviewed by authority staff or a technical
review panel, the criteria below will be considered and the application scored
as described.
(2) The criteria
under which each application will be scored are:
a. The percentage of the applicant business's
revenue derived from the sale of manufactured goods. Applicants who derive a
higher percentage of revenue from the sale of manufactured goods will receive
higher scores in this category.
b.
The extent to which the manufacturer's proposed manufacturing 4.0 technology
investment is consistent with the opportunities identified in the assessment
completed by the center for industrial research and service at Iowa state
university of science and technology pursuant to Iowa Code section
15.371(5)
"f."
c.
The extent to which the investment integrates smart technologies into existing
manufacturing operations and the amount and scope of the business's
investment.
d. The sufficiency of
the proposed investment's financing structure, the feasibility of the sources
of funds, and the appropriateness of the proposed uses of the funds.
e. The extent to which the investment will
enhance an applicant 's workforce.
f. The extent to which the applicant has
planned for long-term use of the manufacturing 4.0 technology investment and an
overall transition to smart technologies.
g. Whether and the extent to which the
business has previously received financial assistance from the
program .
Notes
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