§ 8729A. Findings and determinations for assistance.
186 words·~1 min read·
/de/title-29/subchapter-ii-delaware-strategic-fund/8729a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The Authority shall draft rules and regulations pertaining to the Fund eligibility, and establish criteria to administer the Fund.
(b),
(c)[Repealed.]
(d)The amount and type of assistance provided by the Division to a firm through the Strategic Fund will be based upon the following criteria:
(1)Consistency with state economic development strategies;
(2)Number of jobs created or retained;
(3)Competitiveness of Delaware versus other locations under consideration as measured by tax comparison and relative site location factors;
(4)Quality of jobs using measures such as the average wage and benefits of the jobs to be created or retained as compared to labor force characteristics of the county and community in which the project will be located;
(5)Comparative overall economic impact of the project at the state, county and local levels as measured by job creation and retention, private investment leverage and revenue generation;
(6)Feasibility of the project as determined by the applicant’s business plan, business history and collateral or other financial resources available to adequately secure assistance; and
(7)Any environmental consideration related to siting decisions, manufacturing processes or byproducts.