The Board shall give consideration to requests to abate taxes through an established enterprise zone or the expansion of an existing enterprise zone.

The Board shall also give consideration to abatement requests from individual businesses or industries when at least two of the following criteria are met:

1. The new full-time jobs to be added as a result of the proposed expansion or relocation numbers twenty-five or more
2. The company, firm, or agency has committed to a substantial capital investment for the project, thereby increasing the revenues for the taxing body at the end of the abatement period
3. There is, in the judgment of the Board, a clear probability that without the proposed expansion the company will move out of the district, or choose not to locate within the district, resulting in both a loss of jobs and a devaluation of the property
4. The proposed expansion of an existing firm, or location of a new business or industry shows promise of opening a significant new market for commodities, goods, and/or services produced in the district.