[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR305.4]

[Page 490-491]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 305--GRANTS FOR PUBLIC WORKS AND DEVELOPMENT FACILITIES--Table of Contents
 
                           Subpart A--General
 
Sec. 305.4  Selection and evaluation.

    (a) Projects will be selected in accordance with the application 
evaluation criteria set forth in Sec. 304.2 of this chapter.
    (b) In addition to the evaluation criteria set forth in part 304 of 
this chapter, project selection and evaluation will be made on the basis 
of whether, and to what extent, the proposed project will:
    (1) Assist in creating new or retaining existing private sector jobs 
and assist in the creation of additional long-

[[Page 491]]

term employment opportunities rather than merely transferring jobs from 
one area of the country to another;
    (2) Be supported by significant private sector investment;
    (3) Leverage or be a catalyst for the effective use of private, 
local government, State or other Federal funding that is available;
    (4) Likely be started and completed in a timely fashion; and
    (5) If the project is located in an area with a stable economy and 
low distress, provide employment opportunities for residents of nearby 
areas of high distress.