Illinois Administrative Code
Title 14 - COMMERCE
Part 590 - ILLINOIS LARGE BUSINESS DEVELOPMENT PROGRAM
Subpart A - LOANS FOR LARGE BUSINESS DEVELOPMENT
Section 590.40 - Selection for Funding

Universal Citation: 14 IL Admin Code ยง 590.40

Current through Register Vol. 48, No. 12, March 22, 2024

For any application which meets the criteria of Section 590.30, Department staff will then conduct a field visit evaluation to verify the information in the application, leading to the final funding decision. Applications that best meet the program objectives and demonstrate the greatest potential for job creation will receive funding support, until all available funds are expended. The field visits will analyze application characteristics, which include:

a) an assessment of the project in terms of job creation/retention, in relation to the value of the funds requested;

b) a verification of submitted application information; and

c) past performance of the applicant under previous Departmental programs, if applicable (e.g., success in previous projects and the level of compliance with previous grant agreements).

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