This text of Iowa § 315.11 (Additional factors and requirements) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Inadditiontoothereffectsandfactorstobeconsideredundersection315.5,forapplications
submitted after July 1, 1988, the following factors and requirements shall be considered or
applied:
1.The impact of the proposed project on other businesses in competition with the
business being considered for assistance. The department shall make a good faith effort to
identify existing Iowa businesses within an industry in competition with the business being
considered for assistance. The department shall make a good faith effort to determine the
probability that the proposed financial assistance will displace employees of the existing
§315.11, REVITALIZE IOWA’S SOUND ECONOMY (RISE) FUND 4
businesses. In determining the impact on businesses in competition with the business being
considered for assistance
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Inadditiontoothereffectsandfactorstobeconsideredundersection315.5,forapplications
submitted after July 1, 1988, the following factors and requirements shall be considered or
applied:
1. The impact of the proposed project on other businesses in competition with the
business being considered for assistance. The department shall make a good faith effort to
identify existing Iowa businesses within an industry in competition with the business being
considered for assistance. The department shall make a good faith effort to determine the
probability that the proposed financial assistance will displace employees of the existing
§315.11, REVITALIZE IOWA’S SOUND ECONOMY (RISE) FUND 4
businesses. In determining the impact on businesses in competition with the business being
considered for assistance, jobs created as a result of other jobs being displaced elsewhere in
the state shall not be considered direct jobs created.
2. The economic impact to the state of the proposed project. In measuring the economic
impact the department shall award more points for the following:
a. A business with a greater percentage of sales out-of-state or of import substitution.
b. A business with a higher proportion of in-state suppliers.
c. A project which would provide greater diversification of the state economy.
d. A business with fewer in-state competitors.
e. A potential for future job growth.
f. A project which is not a retail operation.
3. The quality of jobs to be provided. Jobs that have a higher wage scale, have a lower
turnover rate, are full-time, or are career-type positions are considered higher in quality.
Businesses that have wage scales substantially below that of existing Iowa businesses in that
area should be rated as providing the lowest quality of jobs and should therefore be given the
lowest ranking for providing such assistance.
4. If the business has a record of violations of the law over a period of time that tends
to show a consistent pattern, the business shall be given the lowest ranking for providing
assistance. The department shall make a good faith effort to compile this information.
5. If a business has, within three years of application for assistance, acquired or merged
with an Iowa corporation or company, the business shall make a good faith effort to hire the
workers of the merged or acquired company.
6. Tobeeligibleforassistanceabusinessshallprovideforapreferenceforhiringresidents
of the state or the economic development area, except for out-of-state employees offered a
transfer to Iowa or the economic development area.
7. All known required environmental permits must be granted and regulations met before
moneys are released.