The corporation shall award grants, loans, and loan guarantees based on the following criteria:
- (1) The ability of the applicant to comply with section 19 of this chapter.
- (2) The economic impact of the incubator on the community.
- (3) Conformance with any areawide and local economic development plans.
- (4) The location of the incubator, in order to encourage geographic distribution of incubators throughout Indiana.
- (5) Other criteria established by the corporation.
As added by P.L.4-2005, SEC.34.