AUTHORITY: Implementing the Illinois Small Business Incubator Act (Ill. Rev. Stat. 1985, ch. 127, pars. 2711-1 et seq.) and authorized by Section 46.42 of the Civil Administrative Code of Illinois (Ill. Rev. Stat. 1985, ch. 127, par. 46.42).DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY
a) Applications will receive a maximum, moderate, or minimum rating. (the Likert Scale) for criteria provided in Section 560.40.
b) Department staff will conduct site visits of highly rated projects (i.e., maximum and moderate ratings per subsection (a)) and analyze project characteristics, (e.g., a verification of application information).
c) The Department will fund those applications which received the highest comparative rankings (see subsection (a)) and result in a satisfactory site visit (see subsection (b)).
d) The Department will provide written notification to the applicant indicating either approval for funding or denial of funding requests and reasons for such denial.