The director shall develop performance standards for judging the effectiveness of the program. Such standards shall include, to the extent possible, examining the effectiveness of grants in regard to:
(1) Job creation for individuals of low and moderate income;(2) Retention of existing employment;(3) The creation of new employment opportunities;(4) The diversification of the economic base of local communities;(5) The establishment of employee cooperatives;(6) The provision of assistance in cases of employee buy-outs of firms to prevent the loss of existing employment;(7) The degree of risk assumed by the fund, with emphasis on loans which did not receive financing from commercial lenders, but which are considered financially sound.2005 c 136 § 10; 1998 c 245 § 52; 1987 c 461 § 7.Savings-Effective date-2005 c 136: See notes following RCW 43.168.020.