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INVESTMENT POLICY GUIDELINES Investment applications will be competitively evaluated on
their ability to meet or exceed the following investment policy
guidelines:
Advance productivity, innovation, and entrepreneurship. An investment will embrace the principles of entrepreneurship, enhance regional clusters, and leverage and link technology innovators and local universities to the private sector to create the conditions for greater productivity, innovation, and job creation. Look beyond the immediate economic horizon, anticipate economic changes, and diversify the local and regional economy. An investment will be part of an overarching, long-term comprehensive economic development strategy that enhances a region's success in achieving a rising standard of living by supporting existing industry clusters, developing emerging new clusters, or attracting new regional economic drivers. Demonstrate
a high degree of commitment by exhibiting: · High levels of local-government or nonprofit matching funds and private-sector leverage. · Clear and unified leadership and support by local elected officials. · Strong cooperation between the business sector, relevant regional partners, and local, state, and federal governments. | ||||