; or (ii) 75 percent of the matching requirement for up to two years if the grantee demonstrates that matching contributions from the original application are no longer available due to an uncontrollable event, such as a natural disaster, that has a devastating economic effect on members of the Partnership and the community in which the project would operate. (3) Additional terms (A) On-going economic hardship In determining whether a Partnership applicant is experiencing an on-going economic hardship that is significant enough to justify a waiver under subparagraphs (A)(i) and (A)(ii)(I) of paragraph (2), the Secretary may consider documentation of the following: (i) Severe distress in the local economy of the community to be served by the grant (e.g., there are few employers in the local area, large employers have left the local area, or significant reductions in employment in the local area). (ii) Local unemployment rates that are higher than the national average. (iii) Low or decreasing revenues for State and County governments in the area to be served by the grant. (iv) Significant reductions in the budgets of institutions of higher education that are participating in the grant. (v) Other data that reflect a significant economic hardship for the geographical area served by the applicant. (B) Exhaustion of funds In determining whether a Partnership grantee has exhausted all funds and sources of potential contributions for replacing matching funds under paragraph (2)(B), the secretary may consider the grantee’s documentation of key factors that have had a direct impact on the grantee such as the following: (i) A reduction of revenues from State government, County government, or the local educational agency. (ii) An increase in local unemployment rates. (iii) Significant reductions in the operating budgets of institutions of higher education that are participating in the grant. (iv) A reduction of business activity in the local area (e.g., large employers have left the local area). (v) Other data that reflect a