TITLE 14: COMMERCE
SUBTITLE C: ECONOMIC DEVELOPMENT
CHAPTER I: DEPARTMENT OF COMMERCE AND COMMUNITY AFFAIRS
PART 560 ILLINOIS SMALL BUSINESS INCUBATOR PROGRAM
SECTION 560.50 APPLICATION RANKING


 

Section 560.50  Application Ranking

 

a)         Applications will receive a maximum, moderate, or minimum rating. (the Likert Scale) for criteria provided in Section 560.40.

 

b)         Department staff will conduct site visits of highly rated projects (i.e., maximum and moderate ratings per subsection (a)) and analyze project characteristics, (e.g., a verification of application information).

 

c)         The Department will fund those applications which received the highest comparative rankings (see subsection (a)) and result in a satisfactory site visit (see subsection (b)).

 

d)         The Department will provide written notification to the applicant indicating either approval for funding or denial of funding requests and reasons for such denial.