Oklahoma Administrative Code
Title 150 - Oklahoma Department of Commerce
Chapter 25 - Minority Business Development Fund
Subchapter 3 - Applicant Qualifications and Selection Process
Section 150:25-3-2 - Selection process
Universal Citation: OK Admin Code 150:25-3-2
Current through Vol. 42, No. 7, December 16, 2024
(a) Proposals accepted for consideration shall be reviewed by a panel of peer reviewers. Recommendation for approval by the peer reviewers is required before the Department of Commerce may contract with any organization.
(b) Peer reviewers shall be selected by the Director of the Department. The Director shall select three (3) individuals to act as peer reviewers.
(c) Individuals selected as peer reviewers shall possess the following qualifications:
(1) A minimum of three (3)
years experience in the evaluation of business or job creation programs;
and
(2) Demonstrated commitment to
minority business development concerns; and
(3) Affiliation with a public or private
institution that has responsibility for economic development; and
(4) A degree from an institution of higher
learning.
(d) Peer reviewers shall make recommendations on each proposal based on factors which may include:
(1) Financial
feasibility;
(2) Management
expertise;
(3) Ability to leverage
other resources;
(4) Innovative
nature of proposal;
(5) Probability
of success;
(6) Marketing
capability; and
(7) Public
benefit.
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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