(1) In exercising the discretion required to negotiate and allocate awards from the account to local governments and tribal governments, the criteria considered by the department may include:
(a) the economic impact of a project in the community, region and/or state;
(b) the creation of quality jobs; and
(c) the feasibility of the project.
(2) Special consideration may be given by the department to businesses that:
(a) locate or expand in rural areas and/or areas that have experienced sudden and severe economic disruptions;
(b) create a relatively large number of eligible jobs;
(c) have agreed to negotiate special hiring arrangements for disadvantaged and/or lower income persons in connection with a project; or
(d) bring an exceptional new technology to the state, and are recognized as a national or international leader in its industry.
(3) In exercising the discretion required to negotiate and allocate awards from the account to certified regional development corporations, tribal governments, and other eligible economic development organizations, the criteria considered by the department may include:
(a) the potential for the activity to provide for economic development success;
(b) the amount of state, federal and private funds leveraged;
(c) the community and regional economic need; and
(d) the economic development planning activity as a new "best practice" in economic development at the local, regional, state, or national level.