When making a decision on an application, the board shall consider the following:

1. (1) Likelihood the project would have occurred without the grant;
2. (2) Economic impact of primary jobs created or retained by the project;
3. (3) Net economic effects of increasing or stabilizing the economy on the community, area, and state;
4. (4) Competitive effect of the project on existing businesses;
5. (5) Support of the public entities of the community and area for the project;
6. (6) The effect of the project on the environment, health, and safety of the people in the community, area, and state;
7. (7) Compatibility of the project with economic development plans of the area and state;
8. (8) Type of project;
9. (9) Infrastructure needed to support the project;
10. (10) Impact of the project on the property tax base;
11. (11) Projected payroll, pay structure, and employee benefit structure;
12. (12) Number of jobs created or retained by the project;
13. (13) The potential success of the project and the potential for creating quality jobs and the growth of those jobs; and
14. (14) The character, experience, management record, and background of the applicant.

Source: 39 SDR 221, effective July 1, 2013.

General Authority: SDCL 1-16G-5 , 1-16G-8(8).

Law Implemented: SDCL 1-16G-5 , 1-16G-8(8) , 1-16G-48(5).