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15 <br />SELECT INFORMATION ON STATE INCENTIVE AWARD <br />PROCESS <br />• Uses evaluation model developed in conjunction with Dr. Michael <br />Walden, NCSU Economist <br />• The state runs a 'preliminary' evaluation early in the process to see if the <br />project qualifies for incentive consideration <br />• Projects do not go to 'committee review' unless the initial model shows a <br />'net positive impact' <br />• All awards are specified to be 'contingent on economic model' performed <br />by the state <br />NC STATUTE PROVIDING AUTHORITY FOR <br />INCENTIVES <br />g.s.158-7.1 (to be attached) <br />