Application review

In reviewing and approving applications pursuant to Subdivision 1 of Subsection (b) of Section 4-66c of the General Statutes, received from eligible municipalities, the Commissioner of Economic Development shall consider the following: (a) impact of the project on the local neighborhood, region and/or the state; (b) long term economic benefit of the program; (c) impact on the local tax base; (d) potential for job creation and retention; (e) potential for private investments; (f) applicant's financial committment to the project; (g) applicant's ability to implement the project in a timely manner; (h) the relative need for the project and the extent to which the project will advance the purposes set forth in Sec. 4-66b.