1. (1) Projects shall not be funded by the Fund unless the Director finds that:

   1. (a) The Project is or will be supported by the maximum feasible amount of local and private financial participation;
   2. (b) The Project will produce significant long-term, regional or statewide economic impacts;
   3. (c) The Project will not require continuing state subsidies;
   4. (d) The Project does not supplant private investment or duplicate or undermine similar efforts; and,

   5. (e) The Project meets, or can be reasonably expected to meet, at least one of the following criteria:

      1. (A) The Project uses existing human and natural resources to harness Oregon's economic comparative advantage;
      2. (B) The Project promotes economic and community recovery in Rural or Distressed areas, or among populations suffering economic hardship;
      3. (C) The Project creates, or leads to the creation or retention of jobs of higher income for Oregonians;
      4. (D) The Project promotes the development of new national and international markets for goods and services produced in Oregon; or,
2. (2) If the Project affects land use, it must satisfy the applicable requirements of OAR chapter 123, division 8 of this Department.
3. (3) Funding decisions shall be made by either the Governor or the Director.

Statutory/Other Authority

ORS 285A.075

Statutes/Other Implemented

ORS 285B.266

History

EDD 29-2009, f. 12-31-09, cert. ef. 1-1-10
EDD 7-2000, f. & cert. ef. 4-11-00
EDD 23-1990, f. & cert. ef. 8-17-90
EDD 20-1990(Temp), f. & cert. ef. 6-28-90
EDD 29-1988, f. & cert. ef. 8-30-88
EDD 26-1988(Temp), f. & cert. ef. 7-13-88