261—106.7 (82GA,HF829) Application selection criteria. When applications for financial assistance are reviewed, the following criteria will be considered:
	 106.7(1) Project approach. Whether the proposed approach is beneficial to the targeted industries and builds capacity at the community college.
	 106.7(2) Innovation. Whether the project improves the use of technology to impact the competitiveness of the targeted industries.
	 106.7(3) Workforce. Whether the project ensures competitiveness by increasing the skills of youth and adults preparing for employment or currently employed in the targeted industries.
	 106.7(4) Collaboration. Whether the project demonstrates collaboration among community colleges, business partners, state agencies, and industry associations.
	 106.7(5) Financial requirement. Whether the funding available is sufficient to complete the project. Criteria for selection of the final award may include the amount of matching funds and in-kind match the proposal brings to the project.
	 106.7(6) Expected return. Whether the state of Iowa will realize economic benefits as a result of providing assistance for the project.
	 106.7(7) Estimate for project completion. Whether the required work can be completed in accordance with the time frame for the project.