Criteria for federal grant for Public Market
The Economic Development Administration of the US Department of Commerce will evaluate the Milwaukee Public Market on seven criteria. At stake is a $2.5 million federal grant. The criteria includes:
(1) Is the project market-based? Does it build on the community’s assets?
(2) Is the project proactive in nature? Does it enhance the standard of living in a community?
(3) Does the project look beyond the immediate economic horizon? Does it help diversify the local economy? Is it economically sustainable?
(4) Does the project maximize the private sector investment? Would the project not proceed without the public funding?
(5) Does the project have a high probability of success? Does it have strong local political and private support?
(6) Would the project create higher-skilled and higher-waged jobs?
(7) Would the project maximize taxpayers’ investment?
