New York Codes, Rules and Regulations
Title 5 - DEPARTMENT OF ECONOMIC DEVELOPMENT
Chapter XXI - Empire State Jobs Retention Program
Part 211 - Application And Review Process
Section 211.3 - Evaluation standards
Universal Citation: 5 NY Comp Codes Rules and Regs ยง 211.3
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The evaluation standards which may be utilized by the commissioner when determining whether to admit an applicant to the program include the following:
(1) whether the applicant is proposing to
substantially renovate contaminated, abandoned or underutilized facilities;
or
(2) 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
(3) the degree of
economic distress in the area where the applicant will locate the project
identified in its application; or
(4) the degree of applicant's financial
viability, strength of financials, readiness and likelihood of completion of
the project identified in the application; or
(5) the degree to which the project
identified in the application supports New York State's minority and women
business enterprises; or
(6) the
degree to which the project identified in the application supports the
principles of smart growth as defined in section
210.2(q)
of this Title; or
(7) the estimated
return on investment that the project identified in the application will
provide to the State; or
(8) 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 retained or created; or
(9) the degree to which other state or local
incentive programs are available to the applicant; or
(10) 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;
or
(11) the recommendation of the
relevant regional economic development council or the commissioner's
determination that the proposed project aligns with the regional strategic
priorities of the respective region.
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