REQUEST EVALUATION CRITERIA

• Project has a measurable and direct economic impact on the City of Scottsdale by supporting an existing business or new business activity which will attract additional economic activity or visitors to the City of Scottsdale.

• Project provides opportunity for job growth in Scottsdale.

• Project supports economic development initiative in alignment with City goals.

• Project measurably enhances quality of life for residents and business owners of the city through programs including, but not limited to: education, health care, etc.

Application Evaluation Criteria

• Applicant demonstrates financial accountability and responsibility.

• Applicant lacks other funding sources for its specific initiative.

• Applicant shows evidence of past successes in similar projects.

REQUEST PROCESS

1. The applicant submits an application to the IDA for consideration.

2. The IDA shall consider proposals based upon the information received, merits of the project and response to the requested criteria submitted in the Application. Additional information or presentations may be requested before a final decision is made.

3. The Board shall approve or disapprove of the application in its sole discretion.

4. Funds and/or guidelines as to the fund dispersal process are delivered to the applicant within 45 days of initial funding approval.