(b) The corporation shall give priority to applications that meet three (3) or more of the purposes listed in section 3 of this chapter. The corporation shall base the award of a grant or loan on the number and quality of jobs being created, the community's economic need, and the capital investment being made by the applicant.(c) A grant may not exceed fifty percent (50%) of the applicant's project costs.As added by P.L.182-2009(ss), SEC.81.
Indiana Legal Code