§ 6-3.1-11-19 — Evaluation of applications; factors considered; additional requirements for certain industrial recovery sites

(a) The corporation shall consider the
following factors in evaluating applications filed under this chapter:
(1) The level of distress in the surrounding community caused by
the loss of jobs at the industrial recovery site.
(2) Evidence of support for the designation by residents,
businesses, and private organizations in the surrounding
community.
(3) Evidence of a commitment by private or governmental entities
to assist in the financing of improvements or redevelopment
activities benefiting the industrial recovery site.
(4) Whether the industrial recovery site is within an economic
revitalization area designated under IC 6-1.1-12.1.
(b) The corporation may not approve an application to receive tax
credits under this chapter for qualified investments made on an
industrial recovery site described in section 5(2) of this chapter unless
the applicant can demonstrate that the plant was not maintained and
was removed from the site in an effort to protect the health, safety, and
welfare of the community.

Legislative History

As added by P.L.379-1987(ss), SEC.11. Amended by P.L.146-2008, SEC.324; P.L.288-2013, SEC.40; P.L.204-2016, SEC.24.