; or (ii) to achieve other quantifiable efficiencies, savings, or reductions in carrying out their operations and service delivery. (E) Achieving quantifiable, positive benefits to, or measurable enhancements for, the economic performance of the geographic region or the population within the region identified by the regional innovation program grant recipient through increased collaboration, productive partnerships, and strengthened network relationships (internal and external to the region) that support the regional innovation system. (3) Restricted activities Grants awarded under this subsection may not be used to pay for— (A) costs related to the construction, expansion, demolition, renovation, or installation of physical assets; (B) costs related to the recruitment, inducement, or associated financial or tangible incentives that might be offered to relocate an existing business from a geographic area to another geographic area; or (C) costs associated with offsetting revenues forgone by one or more taxing authorities through tax incentives, tax increment financing, special improvement districts, tax abatements for private development within designated zones or geographic areas, or other reduction in revenues resulting from tax credits affecting the geographic region of the eligible recipients. (4) Applications (A) In general An eligible recipient shall submit an application to the Secretary at such time, in such manner, and containing such information and assurances as the Secretary may require. (B) Components Each application submitted under subparagraph (A) shall include a description of the regional innovation initiative supported by the proposed activity, including— (i) whether the regional innovation initiative is supported by the private sector, State and local governments, and other relevant stakeholders; (ii) which 3 or more of the outcomes described in paragraph (2) will the regional innovation initiative address by implementing the activities described in the application