Arkansas § 15-4-219 - Annual report.

§ 15-4-219. Annual report.

The Arkansas Economic Development Commission shall present a report annually on the commission's work during the previous calendar year in these areas of concern: An accounting of: Each project that was offered incentives in the previous calendar year, including without limitation: The number of jobs proposed by each project; 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; Each project that received funds from the Economic Development Incentive Quick Action Closing Fund under § 19-5-1231. 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; The location of each project; and The specific incentives offered by the commission; Each project that was offered incentives but that did not accept incentives, including without limitation: An assessment of the reasons why each offered project failed to open; and Any proposals the General Assembly should consider that would have assisted the commission in its negotiations regarding each project; Each factory and plant that closed in the previous calendar year, including without limitation: The number of jobs lost as the result of the closure of each factory or plant; The location of each factory or plant that closed; and An assessment of the reasons for each factory or plant closing; and The commission's strategies and recommendations for the coming year, including: An assessment of the relative risk of loss of factories, plants, and jobs in the state; and Plans for: Preventing future closings of factories and plants; Preventing future losses of jobs; Increasing the number of economic development proposals within the state; Drawing an increasing number of economic development proposals into the state; and Creating new incentives for economic development proposals; and The Director of the Arkansas Economic Development Commission's assessment of the commission's performance, including without limitation a comparison to: The commission's performance over the past two (2) years; The commission's own projections; and Economic development in neighboring states.