<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".11" citation="COMAR 24.05.21.11" title_num="24" subtitle_num="05" chapter_num="21" heading="Renewal of RISE Zones.">
  <paragraph num="A.">
    <text>The Secretary may renew a RISE Zone for an additional 5 years upon joint application by the entities that applied for the original RISE Zone designation.</text>
  </paragraph>
  <paragraph num="B.">
    <text>To apply for renewal, the entities that applied for the original RISE Zone designation shall file a complete application, which shall include:</text>
    <paragraph num="(1)">
      <text>An analysis of whether the goals and objectives of the target strategy were met;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>An analysis of the success and outcomes of the designation, including the number of jobs created, total and type of capital investment made, the number of new businesses locating to the RISE Zone, and any other information that demonstrates success;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>A description of how the qualified institution met the goals specified in the qualified institution’s application for qualified institution designation; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>A discussion of what would be achieved by renewing the RISE Zone for an additional 5-year period.</text>
    </paragraph>
  </paragraph>
</regulation>