§ 111-7. Criteria for activity/project investment.

Eligible projects/activities for funding from recovery zone bond proceeds shall be selected by the board based upon the following criteria:

(a)

Type of industry;

(b)

Number of current and/or projected employees;

(c)

Average wage of employees;

(d)

Capital investment;

(e)

Average job growth;

(f)

Financial stability;

(g)

New product development;

(h)

Growth of sales;

(i)

Percentage of product or service exported out of county;

(j)

Results of an economic impact study;

(k)

Sustainability element;

(l)

Commitment to local procurement and local hiring;

(m)

National/state recognition;

(n)

Regional impact; or

(o)

Any such other activity or factor proposed by the applicant that can be demonstrated in a satisfactory fashion to promote economic development within the county.

(Ord. No. 2009-025, §§ 1, 2, 9-15-09)