Selection of Countrywide Industrialization Projects.
Section 9
SEC. 9. Selection of Countrywide Industrialization Projects. - In addition to the criteria set forth in Section 7 hereof, preference in awards shall be given to projects with any of the following features: whose equity is owned by residents of the city or municipality, and then of adjacent municipalities, and province; owned by an established cooperative or nongovernment organization; whose proponents have previous experience in successful ventures, have no unfavorable credit record and are reputed to be of good character; or whose proponents have experience in an undertaking related to the project.