Compilation of Rules and Regulations of the State of Georgia
Department 413 - GRANTS OF THE ONEGEORGIA AUTHORITY
Chapter 413-2 - EDGE FUND
Rule 413-2-.07 - Review of Grant Applications

1. Applications will be reviewed based upon enhancement of community or economic development opportunites. Applicable criteria include, but are not limited to:

* Numbers and types of jobs retained and/or created;

* Total private capital investment;

* Impact on the state, regional and community economy and tax base;

* Degree of local financial commitment;

* Consistency with local and regional development goals and objectives;

* Project readiness;

* Project feasibility;

* Wage levels compared with average wages of industry in the impacted area;

* Reasonableness of cost estimates;

* Tier status.

2. All applications for funding from this program must provide written certification from the applicant, addressed to the OneGeorgia Authority, to the effect that the applicant is authorized under the laws of the State to carry out the project and activities that are the subject of the application, and that the proposed expenditure of funds is in accordance with all applicable legal requirements.

3. In its review of applications, the Authority may, at its discretion, consult with other individuals or agencies as appropriate for receiving advice.

4. The criteria in this Rule (413-2-.07) are designed to assist the Authority in making its decision and only constitute minimum standards. Additional factors may be considered depending on the nature of particular projects and their relative merit compared to competing proposals, and depending on the availability of funding at the time of application.

5. The decision that the Authority makes shall be final and conclusive.

6. Projects documenting that public benefits exceed public costs will receive greatest consideration under the program's rating criteria.