New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 5. Department of Economic Development |
Chapter V. Entrepreneurial Assistance Program |
Part 40. Minority- and Women-Owned Business Enterprise Development Centers--the Application Process |
Sec. 40.6. Evaluation criteria
Latest version.
- The department shall evaluate the proposals based upon the applicant's demonstration of the following:(a) the applicant's understanding of the goals and objectives in section 40.3 of this Part;(b) the level of participation in the proposed development center of local leaders in post-secondary education, business, finance and government;(c) the level of financial and other assistance provided at the State, Federal and local levels, including private sources, to support the operations of the proposed development center;(d) the plans of the proposed development center to supplement State, Federal and local funding through fees for services which may be based on a sliding scale based on ability to pay;(e) the need for and anticipated impact of the proposed development center on the community in which it will function;(f) the quality of the work plan and staff of the proposed development center;(g) the extent of economic distress in the area to be served;(h) the extent to which the applicant has experience in providing business management and technical assistance to clients;(i) the extent to which the applicant coordinates with other assistance programs targeted to small and new businesses;(j) the extent to which the applicant understands the economic conditions and needs of the community and the region;(k) the applicant's documented commitment to affirmative action principles;(l) the extent to which the applicant's proposal could be replicated in other areas of the State; and(m) such other criteria as the department shall deem relevant.