6. EDSR 02-11-2013 - Laserfiche WebLink

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III. ELIGIBLE PROJECTS The grant or loan must be based on the following criteria: 1.) Creation of new jobs or retention of existing jobs 2.) Increase in the tax base; 3.) The project can demonstrate that investment of public dollars induces private funds; 4.) The project can demonstrate an excessive public infrastructure or improvement cost beyond the means of the affected community and private participants in the project; 5.) The project provides higher wage levels to the community or will add value to current workforce 6.) Whether assistance is necessary to retain existing business; and 7.) Whether assistance is necessary to attract out-of-state business. The grant or loan cannot be made based solely on a finding that the conditions in clause 6.)or 7.)exist. A finding must be made that a condition in clause 1.),2.), 3.), 4.),or 5.) also exists. IV. ELIGIBLE ACTIVITIES RLF's may be used for the following activities: 1.) Purchase of land 2.) Construct a building or other improvements 3.) Renovate an existing building to accommodate the business 4.) Construct tenant improvements F 5) Purchase Capital Equipment 6.) Lease space in or purchase an existing building 7) Purchase Inventory 8.) Use as working capital 9.) Site improvements 10.) Public facilities and improvements and privately owned utilities 11.) Workforce Development including job training and placement a.)Training low skilled,low-income persons for specific jobs for which they have been hired and which require skill levels beyond what they now have; b.)Training a pool of low-income prospective employees for specific jobs being created as a result of a CDBG-funded industrial expansion,where the employer agrees to give first consideration to filling the new positions with people from this pool; c.) Re-training existing employees of a business as part of a project which qualifies as retaining jobs. 12.) Microenterprise Assistance A. RLF assistance can be provided to persons owning or developing a microenterprise,which is defined as a commercial enterprise that has 5 or fewer employees, one or more of whom owns the enterprise. 2