S.D. Admin. R. 68:02:10:05

Current through Register Vol. 51, page 67, December 16, 2024

Section 68:02:10:05 - Criteria

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

(1) Likelihood the project would have occurred without the grant;

(2) Economic impact of primary jobs created or retained by the project;

(3) Net economic effects of increasing or stabilizing the economy on the community, area, and state;

(4) Competitive effect of the project on existing businesses;

(5) Support of the public entities of the community and area for the project;

(6) The effect of the project on the environment, health, and safety of the people in the community, area, and state;

(7) Compatibility of the project with economic development plans of the area and state;

(8) Type of project;

(9) Infrastructure needed to support the project;

(10) Impact of the project on the property tax base;

(11) Projected payroll, pay structure, and employee benefit structure;

(12) Number of jobs created or retained by the project;

(13) The potential success of the project and the potential for creating quality jobs and the growth of those jobs; and

(14) The character, experience, management record, and background of the applicant.

S.D. Admin. R. 68:02:10:05

39 SDR 221, effective 7/1/2013.

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

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