RACP Selection Criteria

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The following selection criteria will be utilized to evaluate Business Plans submitted through the redesigned RACP program.  A PDF version of this information in matrix format is available by clicking here.

 

Job Creation/Retention

 

                                                                                                                    40 points

The maximum points can be obtained when job creation starts at 351 for direct jobs, retained and/or created (permanent/full-time) with wage base of jobs that is at least a multiple of 2.51 of the county per capita median income, and with at least 101 construction jobs.

Permanent Direct New Jobs, created or vacant jobs being filled (includes filled positions transferred from out of state).

 0

  new jobs 

 0 points

 1 to 27

  new jobs 

1 point

 28 to 54

 new jobs

  2 points 

 55 to 81

 new jobs

  3 points 

 82 to 108

 new jobs

 4 points

 109 to 135

 new jobs

 5 points

 136 to 162

 new jobs

 6 points

 163 to 188

 new jobs

 7 points

 189 to 215

 new jobs

 8 points

 216 to 242

 new jobs

 9 points

 243 to 269

 new jobs

 10 points

 270 to 296 

 new jobs

 11 points

 297 to 323

 new jobs

 12 points

 324 to 350

 new jobs

 13 points

351 or more 

 new jobs

 14 points

 

Permanent Direct Retention Jobs, filled positions that would be eliminated without project (includes existing jobs currently located elsewhere in PA that will be relocated to this project).

0 retained jobs 0 points
1 to 44 retained jobs 1 point
45 to 48 retained jobs 2 points
89 to 131 retained jobs 3 points
132 to 175 retained jobs 4 points
176 to 219 retained jobs 5 points
220 to 263 retained jobs 6 points
264 to 306 retained jobs 7 points
307 to 350 retained jobs 8 points
351 or more retained jobs 9 points

 

Permanent Indirect Jobs

0 indirect jobs 0 points
1 to 88 indirect jobs 1 point
89 to 175 indirect jobs 2 points
176 to 263 indirect jobs 3 points
264 to 350 indirect jobs 4 points
351 or more indirect jobs

5 points

 

 Construction Jobs, to complete project

1 to 50 construction jobs 1 point
51 to 100 construction jobs 2 points
101 or more construction jobs 3 points

  

Wage Base of Jobs, multiples of per capita median income of project location County

 0

 per capita median income

 0 points

 .01 to .31 times

 per capita median income

 1 point

 .32 to .63 times

 per capita median income

 2 points

 .64 to .94 times

 per capita median income

 3 points

 .95 to 1.25 times

 per capita median income

 4 points

 1.26 to 1.56 times

 per capita median income

 5 points

 1.57 to 1.88 times

 per capita median income

 6 points

 1.89 to 2.19 times

 per capita median income

 7 points

 2.20 to 2.50 times

 per capita median income

 8 points

 2.51 or more

 per capita median income

 9 points

 

 Community Impact                                                                                                                            20 points

The maximum points can be obtained when the project: 1) is situated in a blighted, brownfield or related area; 2) improves the economic health of community; 3) enhances the quality of life; and 4) has a significant regional impact.

 

Redevelopment of Blight/Brownfield/Reclamation by project                                                               5 points

 

Economic Health of Community                                                                                                              5 points

(based on project located in county with unemployment higher than state average, declining population of county, county below state median income, or project located in KOZ/KOEZ/KIZ/KOIZ/KSDZ/EZ)

 

Quality of Life                                                                                                                                            5 points

(based on project will create or improve Civic, Cultural or Recreation facility, improve commercial/retail/mixed-use building in downtown/core area, addresses immediate/urgent-improve quality of life or addresses issues that could have negative impact-quality of life)

 

Regional Impact                                                                                                                                       5 points

(based on project consistent w/existing revitalization plan, joint effort of multiple municipalities, extent public engaged in development of project or promote tourism)

 

Strategic Clusters for Development                                                                                                    5 points 

The maximum points can be obtained when the project falls into two or more of the targeted sectors listed below.  

1.  Biotechnology/Pharmaceutical/Life Sciences
2.  High Tech & Advanced Manufacturing and Materials
3.  Energy Extraction & Mining
4.  Business & Financial Services
5.  Healthcare/Medical Research and/or Educational
6.  Agriculture

 0

  categories

 0 points

 1

category

 3 points

 2 or more

   categories 

 5 points

 

Financial Impact                                                                                                                                  25 points

The maximum points can be obtained when 1) the project has demonstrated its long term viability; 2) the RACP grant is appreciably leveraged by a factor of five (5); 3) the tax base has been considerably increased by at least $2,000,000; and 4) the potential candidate has already put in place enough long term financing instruments that are fully amortized.

 

Project Viability                                                                                                                                      5 points

(based on review/analysis of business plan for sustainability, review/analysis of 3 years audited financial statements and review/analysis of cash flow schedule)

 

Dollars Leveraged, non-public funds                                                                                                      5 points

Note: For scoring purposes, OB intends to truncate the dollars leveraged factor to get a whole number.

 Factor 1 to 1 

1 point 

Factor 2 to 1

 2 points

 Factor 3 to 1 

 3 points

 Factor 4 to 1 

 4 points

 Factor 5 to 1 or greater

 5 points

 

 

 

Increase to Tax Base (rounded to nearest thousand)                                                                          10 points

$0 to $0 

0 point 

 $1 to $220K

 1 points

 $221K to $440K

 2 points

 $441K to $660K

 3 points

 $661K to $890K

 4 points

 $891K to $1.11M

 5 points

 $1.111M to $1.33M

 6 points

 $1.331M to $1.55M

 7 points

 $1.551M to $1.77M

 8 points

 $1.771M to $1.99M

 9 points

 $2M or more

10 points 

 

 

 

 

 

 

Permanent Financing-fully Amortized and Secured                                                                                5 points

 (based on terms of financing and funding payback measures/conditions)

 

Shovel Readiness                                                                                                                                 10 points

The maximum points can be obtained when the anticipated construction start date is scheduled to occur within 180 days of the submission date of the Business Plan.

0 to 180 

 days

  10 points

 181 to 365

 days

 5 points