(1) The board shall engage a programmatic intermediary to complete, within two months of selecting an eligible program provider in accordance with Section 63J-4-705, a feasibility analysis that assesses the ability of the potential eligible program provider to provide a program that will successfully achieve performance outcome measures that are cost effective and will result in cost savings or increased tax revenue to the state.

(2) The feasibility analysis shall include: (a) assessing the size and characteristics of the eligible population in the state that could benefit from the employment programs and services funded through the Employability to Careers Program; (b) assessing the eligible program provider's capacity to make effective use of funding supplied through the Employability to Careers Program and with the likelihood to meet predefined and measurable outcomes based on the following factors: (i) the economic feasibility of the programs and services provided; (ii) the capacity of the program to serve an increased customer base; and (iii) the degree to which the program and services will help individuals attain self-sufficiency; (c) developing a viable expansion plan and determining how much the expansion plan will cost; (d) projecting the impact of the expansion plan on outcomes to the community; (e) projecting the financial value of the improvements that may result from the Employability to Careers Program investment, including projected public sector savings and projected returns to investors; (f) developing a cost-benefit analysis of the program; (g) determining feasible results-based contract terms and financing structures; (h) determining the potential pool of investors likely to invest both in and outside the state; (i) developing performance measures to project and measure financial and social outcomes; (j) ensuring an experimental or quasi-experimental research design can be used to measure the attained performance measures attributable to the intervention; (k) estimating how many eligible participants the potential eligible program provider plans to serve; (l) preparing a financial model, including the proposed payment terms, the methodology used to calculate outcome payments, the payment schedule, and performance thresholds; and (m) reviewing the project budget and timeline.

(a) assessing the size and characteristics of the eligible population in the state that could benefit from the employment programs and services funded through the Employability to Careers Program;

(b) assessing the eligible program provider's capacity to make effective use of funding supplied through the Employability to Careers Program and with the likelihood to meet predefined and measurable outcomes based on the following factors: (i) the economic feasibility of the programs and services provided; (ii) the capacity of the program to serve an increased customer base; and (iii) the degree to which the program and services will help individuals attain self-sufficiency;

(i) the economic feasibility of the programs and services provided;

(ii) the capacity of the program to serve an increased customer base; and

(iii) the degree to which the program and services will help individuals attain self-sufficiency;

(c) developing a viable expansion plan and determining how much the expansion plan will cost;

(d) projecting the impact of the expansion plan on outcomes to the community;

(e) projecting the financial value of the improvements that may result from the Employability to Careers Program investment, including projected public sector savings and projected returns to investors;

(f) developing a cost-benefit analysis of the program;

(g) determining feasible results-based contract terms and financing structures;

(h) determining the potential pool of investors likely to invest both in and outside the state;

(i) developing performance measures to project and measure financial and social outcomes;

(j) ensuring an experimental or quasi-experimental research design can be used to measure the attained performance measures attributable to the intervention;

(k) estimating how many eligible participants the potential eligible program provider plans to serve;

(l) preparing a financial model, including the proposed payment terms, the methodology used to calculate outcome payments, the payment schedule, and performance thresholds; and

(m) reviewing the project budget and timeline.