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)

 

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.