Okla. Admin. Code § 150:145-3-1

Current through Vol. 42, No. 7, December 16, 2024

Section 150:145-3-1 - Scoring system

The Department shall develop a scoring system in order to evaluate potential projects which may be eligible for pooled financing from the economic development pool. The scoring system shall include, but not be limited to, the following factors:

(1) Capital investment by a for-profit business entity or entities;

(2) New direct jobs as such term is defined by 68 O.S. §3603, to be created by a for-profit business entity or entities;

(3) Salary and wage payments to persons employed in new direct jobs;

(4) Likelihood of additional business location decisions resulting from the activity of the for-profit business entity or entities that would benefit from the use of the economic development pool;

(5) Capital investment by governmental and/or not for profit entities;

(6) The amount and degree of net benefit to be had by the State from completion of the project;

(7) Whether or not the local government entity or for-profit business entity is a participant in any other projects governed by the Oklahoma Economic Development Pooled Finance Act; and

(8) Any other factor(s) deemed relevant by the Department.

Okla. Admin. Code § 150:145-3-1

Adopted by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 9/11/2020