Or. Admin. Code § 123-016-0040 - Application and Award Approval
(1)
An eligible recipient, as listed in 123-016-0020(1), shall make application for
business retention services to the department on a form prescribed and provided
by the department.
(2) All
applications shall be reviewed by the department. The department may also
designate an advisory committee to review applications and make recommendations
to the department.
(3) The
department may request any additional information, such as an assessment or an
appraisal, or may recommend a modification to the application in order to make
a final determination on an award for business retention services from the
Fund.
(4) Prior to making an award
from the Fund for a for-profit business firm described in OAR 123-016-0020, the
department will make a determination that business retention services are
likely to result in retaining a viable operation.
(5) Prior to making an award from the Fund
for a closed facility or for a facility that houses a business which has
announced its closure, the department must determine:
(a) There is a reasonable probability of
restarting or converting the facility; and
(b) The business retention services will
include consideration of reemploying or continuing the employment of that
facility's former or existing labor force.
(6) In making a determination on an award
from the Fund, the department shall give preference to businesses, facilities
that are closed, or facilities housing businesses which have announced their
closure which are located in a distressed area as designated under OAR
123-024.
(7) The department shall
either approve or deny an application.
Notes
Stat. Auth.: ORS 285A.075
Stats. Implemented: ORS 285A.224
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