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>$500,000 20 points <br /> $250,000 to $500,000 15 points <br /> <$250,000 10 points <br /> Immediacy of Impact <br /> *20 points awarded if project will begin within 6 months <br /> Subtotal Section 3 (maximum 320 points) <br /> *minimum of 60 points must come from this section in order for project to be considered <br /> 4. Wage Level of new jobs created Points <br /> Minimum hourly wage of jobs created/retained: <br /> Over$21/ hour 5 points <br /> $18-21 / hour 4 points <br /> $14-17 / hour 3 points <br /> $11-13 / hour 2 points <br /> Below$11/ hour application disqualified <br /> 5. Project size: <br /> The project will result in the construction of square feet. <br /> 80,000+ 50 points <br /> 65,000+ 40 points <br /> 50,000+ 30 points <br /> 35,000+ 20 points <br /> 25,000+ 10 point <br /> Subtotal Sections 4-5(maximum 55 points) <br /> Sub -Total Points: of a possible 465 points. <br /> Blighted Properties Forgivable Commercial/Industrial Loan Fund Application Page 16 of 15 <br /> DRAFT <br />