Current through Register Vol. 35, No. 11, June 11, 2024
Section 2.93.1.8 - ELIGIBILITY AND PRIORITIZATION POLICIES FOR ENTERPRISE DEVELOPMENT PROJECTS The board will develop and consider a variety of factors in reviewing and evaluating enterprise development project proposals to determine which enterprise development projects to recommend to the authority for enterprise assistance from the fund. Board policies shall give priority to projects that:
A. demonstrate local support and financial need,B. create or expand economic development opportunities within the state,C. contribute to diversification of the state's economy,D. advance environmentally sustainable economic development goals of the state, andE. other means of financing a proposed enterprise development project are unavailable or insufficient. The board shall establish policies to consider in prioritizing enterprise development projects.Adopted by New Mexico Register, Volume XXXIV, Issue 08, April 25, 2023, eff. 4/25/2023