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Evaluation Criteria <br />The following criteria will be used to rank, evaluate and select project applications for forgivable <br />loans through the ICG Program. Projects will be accepted on a "first come, first serve" basis; <br />however, priority will be given to those projects that meet the greatest number of the criteria. <br />Energy Reduction and Cost Savings: <br />Will the project yield significant energy cost savings? Will the energy savings result in a <br />significant decrease in greenhouse gas emissions? For new businesses or facilities, how will the <br />energy-efficient materials or design reduce usage relative to industry-standard approaches? <br />Payback Period: <br />Is the improvement project cost effective? Will the cumulative energy cost savings outweigh the <br />cost of the improvement within a reasonable period of time? The intent of this criterion is to give <br />preference to improvements that are most cost-effective. <br />Likelihood to Strengthen the Long-term Viability of the Business Venture: <br />How will the reduction in energy costs benefit the business? What share of total business <br />expenditures have been devoted to energy usage and how will that share change as a result of the <br />project? <br />Project Design: <br />Are improvements of a high quality? Is the chosen project the most effective way to achieve the <br />desired energy reduction? Do the improvements use quality materials and provide along-term, <br />lasting benefit? Design assistance may be available through the Agency. <br />G:10BD\Files RDA\WSL-MacArthur Area\Industrial Competitiveness Grants\ICG Program Description.doc <br />4 <br />