An applicant seeking an economic incentive under this Act shall submit a detailed application to the Department. The application must, at a minimum, contain the following information:
         (1) the location of the project;
         (2) the amount of the capital investment the
    
applicant will make in the project;
        (3) the number of new jobs that will be created as a
    
result of the project;
        (4) the number of jobs retained by an existing
    
applicant; and
        (5) the average salary of the jobs to be created or
    
retained.