Okla. Admin. Code § 150:25-3-2 - Selection process
(a) Proposals
accepted for consideration shall be reviewed by a panel of peer reviewers.
Recommendation for approval by the peer reviewers is required before the
Department of Commerce may contract with any organization.
(b) Peer reviewers shall be selected by the
Director of the Department. The Director shall select three (3) individuals to
act as peer reviewers.
(c)
Individuals selected as peer reviewers shall possess the following
qualifications:
(1) A minimum of three (3)
years experience in the evaluation of business or job creation programs;
and
(2) Demonstrated commitment to
minority business development concerns; and
(3) Affiliation with a public or private
institution that has responsibility for economic development; and
(4) A degree from an institution of higher
learning.
(d) Peer
reviewers shall make recommendations on each proposal based on factors which
may include:
(1) Financial
feasibility;
(2) Management
expertise;
(3) Ability to leverage
other resources;
(4) Innovative
nature of proposal;
(5) Probability
of success;
(6) Marketing
capability; and
(7) Public
benefit.
Notes
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