The director shall develop performance standards for judging the effectiveness of the program. Such standards shall include, to the extent possible, examining the effectiveness of grants in regard to:
(1) Job creation for individuals of low and moderate income;
(2) Retention of existing employment;
(3) The creation of new employment opportunities;
(4) The diversification of the economic base of local communities;
(5) The establishment of employee cooperatives;
(6) The provision of assistance in cases of employee buy-outs of firms to prevent the loss of existing employment;
(7) The degree of risk assumed by the fund, with emphasis on loans which did not receive financing from commercial lenders, but which are considered financially sound.
[ 2005 c 136 § 10; 1998 c 245 § 52; 1987 c 461 § 7.]
NOTES:
Savings—Effective date—2005 c 136: See notes following RCW 43.168.020.