Iowa Administrative Code › Agency 261 - Economic Development Authority › Part X - Rural Housing Needs Assessment Grant Program › Chapter 212 - Vision Iowa Program › Rule 261-212.8 - Application Review Criteria

Current through Register Vol. 47, No. 3, July 24, 2024
Applications meeting the threshold requirements of rule
				  212.7(15F) will be reviewed by IDED and passed on to the vision Iowa board.
				  IDED staff shall provide a review, analysis and evaluation of applications to
				  the vision Iowa program review committee of the vision Iowa board. All eligible
				  applications will be reviewed by the board. The vision Iowa program review
				  committee shall evaluate and rank applications based on the following
				  criteria:
(1)
Feasibility
				(0-25 points).
The feasibility of the existing or proposed facility to
				remain a viable enterprise. The applicant's comprehensive business plan and
				operational plan will be reviewed as part of this criterion. Rating factors for
				this criterion include, but are not limited to, the following: analysis of the
				comprehensive business plan which shall include a description of initial
				capitalization, sources of funding, project budget, detailed financial
				projections (including revenues and expenses) for five years, marketing
				analysis, marketing plan, and management team; and analysis of the operational
				plan which shall provide detailed information about how the proposed attraction
				will be operated and maintained including a time line for implementing the
				project. In order to be eligible for funding, proposals must score at least 15
				points on this rating factor
(2)
Economic impact (0-25 points).
Number of jobs created and
				other measures of economic impact including long-term tax generation, but
				excluding the use of economic multipliers. The evaluation of the economic
				impact of a proposed project shall also include a review of the wages and
				benefits (including health benefits) associated with the jobs to be created,
				safety, and other attributes of the project that would improve the quality of
				employment in the community. Additionally, the economic impact of a project
				shall be reviewed based on the degree to which the project enhances the quality
				of life in a region, increases diversity of projects available, contributes to
				the community's efforts to retain and attract a skilled workforce, and
				creatively uses existing resources in the community. In order to be eligible
				for funding, proposals must score at least 15 points on this rating
				factor.
(3)
Leveraged
				activity (0-10 points).
The degree to which the facility or project
				will stimulate the development of other recreational and cultural attractions
				or tourism opportunities and enhance economic growth and job opportunities. The
				degree to which the facility or project is strategically aligned with other
				existing regional or statewide cultural, recreational, entertainment, or
				educational activities in the community. In order to be eligible for funding,
				proposals must score at least 6 points on this rating factor
(4)
Matching funds (0-25
				points).
The proportion of local match to be contributed to the
				project, and the extent of public and private participation. Moneys expended
				toward implementation of the project after May 9, 2000, may be considered to be
				a local match. Moneys raised at any time but not yet spent may also be
				considered to be a local match.
(5)
Planning principles (0-10 points).
The extent to which the
				project has taken the following planning principles into consideration:
a. Efficient and effective use of land
				resources and existing infrastructure by encouraging development in areas with
				existing infrastructure or capacity to avoid costly duplication of services and
				costly use of land.
b. Provision
				for a variety of transportation choices, including pedestrian
				traffic.
c. Maintenance of unique
				sense of place by respecting and enhancing local cultural, historical and
				natural environmental features.
d.
				Conservation of open space and farmland and preservation of critical
				environmental areas.
e. Promotion
				of the safety, livability, and revitalization of existing urban and rural
				communities.