5 CRR-NY 201.3NY-CRR
5 CRR-NY 201.3
5 CRR-NY 201.3
201.3 Evaluation standards.
(a) The evaluation standards which may be used by the commissioner to determine whether to admit an applicant to the program include:
(1) the number of net new jobs to be created in New York State; or
(2) the amount of capital investment to be made; or
(3) whether the applicant is proposing to substantially renovate and reuse closed facilities; or
(4) whether the applicant will use energy-efficient measures, including, but not limited to, the reduction of greenhouse gas and emissions and the Leadership in Energy and Environmental Design (LEED) green building rating system for the project identified in its application; or
(5) whether the application has been recommended by the Regional Economic Development Council representing the region where the project will be located;
(6) the degree to which the project is consistent with the Regional Economic Development Council strategic plan and priorities for the region; or
(7) the degree of economic distress in the area where the applicant will locate the project identified in its application; or
(8) the degree of applicant's financial viability, strength of financials, readiness and likelihood of completion of the project identified in the application; or
(9) the degree to which the project identified in the application supports New York State's minority and women business enterprises; or
(10) the degree to which the project identified in the application supports the principles of Smart Growth; or
(11) the estimated return on investment that the project identified in the application will provide to the State; or
(12) the overall economic impact that the project identified in the application will have on a region, including, but not limited to, the impact of any direct and indirect jobs that will be created; or
(13) the degree to which other State or local incentive programs are available to the applicant; or
(14) the likelihood that the project identified in the application would be located outside of New York State or would not occur but for the availability of State or local incentives.
5 CRR-NY 201.3
Current through October 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.