14 Ill. Adm. Code 120.50
Application Review
Section 120.50 Application Review
a) Prior
to substantive evaluation of an application, the Department shall screen all
applications to determine that all requirements of the application package, as
described in Section 120.40, have been addressed. Applicants will be notified
of deficiencies in applications and given an opportunity to correct those
deficiencies through submission of additional documentation.
b) In
evaluating applications, the Department shall evaluate and confirm if all of
the criteria in subsections (b)(1) through (4) of this Section are met. If the
applicant demonstrates that all criteria are met, the Department will notify
the applicant by electronic mail that the application was accepted. If the
applicant cannot demonstrate that all four conditions exist, the application will
be denied and notification to the applicant provided in accordance with Section
120.60.
1)
the
applicant intends to make the required investment in the State and intends to
hire the required number of full-time employees;
2)
the
applicant's project is economically sound and will benefit the people of the
State by increasing opportunities for employment and strengthen the economy of
the State;
3)
awarding
the credit will result in an overall positive fiscal impact to the State, as
certified by the Department using the best available data; and
4)
the
credit is not prohibited under
the Act
.
[35 ILCS 45/110-25]