(1) Local governments and tribal governments shall provide and document equal matching funds for all awards allocated under the program, except that the department may allow a 50% to 100% match requirement for projects located in a high-poverty county.

(2) The private investment of funds by the business associated with the project may be considered as the local or tribal government's matching funds by the department.

(3) Certified regional development corporations and other eligible economic development organizations may be required to document or provide matching funds for awards allocated under the program.