The department of development and the executive committees of district public works integrating committees shall apply the following factors to eligible projects under the annual competitive process to determine a priority order for the eligible projects subject to that process:
(A) The potential economic impact of the eligible project;
(B) The potential impact of the eligible project on economic distress;
(C) The amount of local, federal, and private funding available for the eligible project;
(D) The demonstrated need for the eligible project;
(E) The strength of the eligible project's marketing plan, if appropriate;
(F) The level of financial need;
(G) Any other factor the director of development determines should be considered.