What projects are considered for the TEF?
Projects that are considered for the TEF must demonstrate a significant rate of return on the public dollars being invested in the project. Additionally there are several primary measures that every TEF project must meet in order to be considered for an award. Those include but are not limited to the following: • Competition with another state for the project must exist and the business must not have already announced a location decision • Projected new job creation must be significant – past recipients have typically created more than 100 jobs in urban areas or more than 50 in rural areas • The new positions must be high-paying jobs – above the average wage of the county where the project would be located • Capital investment by the company must be significant • The project must have community involvement from the city, county and/or school district, primarily in the form of local economic incentive offers • The applicant must be financially sound • The applicant’s business sector mus
