Iowa Admin. Code r. 261-119.6

Current through Register Vol. 47, No. 5, September 4, 2024

Rule 261-119.6 - Application scoring criteria

(1) When applications for financial assistance under the program are reviewed by authority staff or a technical review panel, the criteria below will be considered and the application scored as described. There is no minimum score required for funding under the program. However, a lower score indicates that the authority views the application less favorably than an application with a higher score.

(2) The criteria under which each application will be scored are:

a. The percentage of the applicant business's revenue derived from the sale of manufactured goods: 20 points. Applicants who derive a higher percentage of revenue from the sale of manufactured goods will receive higher scores in this category.

b. The extent to which the manufacturer's proposed manufacturing 4.0 technology investment is consistent with the opportunities identified in the assessment completed by the center for industrial research and service at Iowa state university of science and technology pursuant to subrule 119.4(7): 20 points.

c. The extent to which the investment integrates smart technologies into existing manufacturing operations: 15 points.

d. The sufficiency of the proposed investment's financing structure, the feasibility of the sources of funds, and the appropriateness of the proposed uses of the funds: 15 points.

e. The extent to which the investment will enhance an applicant's workforce: 10 points.

f. The extent to which the applicant has planned for long-term use of the manufacturing 4.0 technology investment and an overall transition to smart technologies: 10 points.

g. The extent to which the investment corresponds to the specific type of investment identified by the authority on the application form or forms: 10 points.

Iowa Admin. Code r. 261-119.6

Adopted by IAB October 6, 2021/Volume XLIV, Number 7, effective 9/17/2021