R357-3-105. Factors to Be Considered in Authorizing an Economic Development Tax Credit Award

  (1) The amount and duration of a tax credit award shall be determined on a case-by-case basis. The factors that will be considered include but are not limited to:

  (a) forecasted new state revenue associated with the new commercial project;

  (b) forecasted new incremental jobs associated with the new commercial project;

  (c) forecasted wages associated with the new commercial project;

  (d) the demonstrated support of the local community for the project;

  (e) the competitive nature of the project, to what extent other states have available incentives for the new commercial project, and the competitiveness of the other incentives;

  (f) whether the company is projecting positive long term growth;

  (g) the overall benefit to the State from the new commercial project;

  (h) the uniqueness of the economic opportunity;

  (i) how the tax credit would mitigate the loss or potential loss of new state and local revenues in the State, high paying jobs, new economic growth, or that address the factors set forth in UCA 63N-2-102 and 104.

  (j) whether the company's industry has been determined by the GOED Board as a Target Industry, as defined in Subsection 63N-3-102 (9);

  (k) the economic environment, including the unemployment rate and the underemployment rate, at the time of the new commercial project or company applies;

  (l) the location of the new commercial project;

  (m) comparison to previously incented projects in size, scope, and industry; and

  (n) other factors as reasonably determined by the Administrator.