Section 565.50  Application Review

a)         Prior to substantive evaluation of an application, the Department shall screen all applications to determine that all requirements of the application package have been addressed.  Applicants will be notified of deficiencies in applications and given an opportunity to correct those deficiencies through submission of additional documentation.

b)         In evaluating applications, the Department shall determine whether all of the following conditions exist:

1)         The applicant intends to make the required investment in the project.

2)         The applicant has documented the total jobs impact (new employees, retained employees, or both) associated with the project.

3)         The applicant's project is economically sound and will benefit the people of the State of Illinois by expanding the market for critically needed goods and strengthening the economy of Illinois.

4)         Awarding the credit will result in an overall positive fiscal impact to the State, according to the best available data.

5)         The applicant is committed to expanding manufacturing in Illinois.

c)         When necessary to fulfill the purpose of the Act, the Department may make inquiries, and conduct studies in the manner and by the methods it deems desirable, review information with respect to applicants, and make recommendations on projects to benefit the State.