Section 15-4-219 - Annual reportThe Arkansas Economic Development Commission shall present a report annually on the commission's work during the previous calendar year in these areas of concern:
(1) An accounting of:(A) Each project that was offered incentives in the previous calendar year, including without limitation: (i) The number of jobs proposed by each project;(ii) For each job creation project that receives funds from the Economic Development Incentive Quick Action Closing Fund under § 19-5-1231, an indication of whether each project contains a repayment requirement;(iii)(a) Each project that received funds from the Economic Development Incentive Quick Action Closing Fund under § 19-5-1231.(b) The information reported in subdivision (1)(A)(iii)(a) of this section and any other related information shall be made available to the Office of Economic and Tax Policy upon request;(iv) The location of each project; and(v) The specific incentives offered by the commission;(B) Each project that was offered incentives but that did not accept incentives, including without limitation: (i) An assessment of the reasons why each offered project failed to open; and(ii) Any proposals the General Assembly should consider that would have assisted the commission in its negotiations regarding each project;(C) Each factory and plant that closed in the previous calendar year, including without limitation: (i) The number of jobs lost as the result of the closure of each factory or plant;(ii) The location of each factory or plant that closed; and(iii) An assessment of the reasons for each factory or plant closing; and(D) The commission's strategies and recommendations for the coming year, including: (i) An assessment of the relative risk of loss of factories, plants, and jobs in the state; and(ii) Plans for: (a) Preventing future closings of factories and plants;(b) Preventing future losses of jobs;(c) Increasing the number of economic development proposals within the state;(d) Drawing an increasing number of economic development proposals into the state; and(e) Creating new incentives for economic development proposals; and(2) The Director of the Arkansas Economic Development Commission's assessment of the commission's performance, including without limitation a comparison to:(A) The commission's performance over the past two (2) years;(B) The commission's own projections; and(C) Economic development in neighboring states.Amended by Act 2019, No. 202,§ 4, eff. 7/24/2019.Amended by Act 2019, No. 910,§ 360, eff. 7/1/2019.Amended by Act 2013, No. 1185,§ 1, eff. 8/16/2013.Acts 2001, No. 1282, § 2; 2005, No. 1962, § 56.