The office shall evaluate each application for a grant under this subchapter based on:
(1) the grant applicant's:
(A) quality of services and management;
(B) efficiency of operations;
(C) access to resources essential for operating the project for which the grant is requested, such as land, water, and reliable infrastructure, as applicable;
(D) application for or docketing of a permit or license with the regulatory commission; and
(E) ability to repay the grant if project benchmarks are not met; and
(2) the project's potential benefit to this state.