Sec. 3. (a) The corporation shall adopt policies and guidelines to establish the criteria for awarding grants and loans to counties and municipalities.
(b) The criteria for awarding the grants and loans must include the:
(1) economic need of the county or municipality;
(2) impact of the new or expanding business on employment and output in the county or municipality;
(3) importance of state participation to the investment decision;
(4) impact of state assistance to job production in the county or municipality; and
(5) extent of other public and private participation.
As added by P.L.4-2005, SEC.34.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 24. Investment Incentive Program
5-28-24-2. Establishment by Corporation; Purpose
5-28-24-3. Award of Grants and Loans to Counties and Municipalities; Criteria
5-28-24-5. Powers of Corporation
5-28-24-6. Use of Repayment Proceeds; Corporation Approval
5-28-24-7. Grants From State Appropriated Funds
5-28-24-9. Establishment and Purpose of Investment Incentive Fund; Administration