Annual report

1. Law
2. Arkansas Code
3. Natural Resources and Economic Development
4. Development Of Economic And Natural Resources Generally
5. Development Of Business And Industry Generally
6. Arkansas Economic Development Council
7. 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:

1. (1) An accounting of:

   1. (A) Each project that was offered incentives in the previous calendar year, including without limitation:

      1. (i) The number of jobs proposed by each project;

      2. (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;

      3. (iii)

         1. (a) Each project that received funds from the Economic Development Incentive Quick Action Closing Fund under § 19-5-1231.

         2. (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;

      4. (iv) The location of each project; and

      5. (v) The specific incentives offered by the commission;

   2. (B) Each project that was offered incentives but that did not accept incentives, including without limitation:

      1. (i) An assessment of the reasons why each offered project failed to open; and

      2. (ii) Any proposals the General Assembly should consider that would have assisted the commission in its negotiations regarding each project;

   3. (C) Each factory and plant that closed in the previous calendar year, including without limitation:

      1. (i) The number of jobs lost as the result of the closure of each factory or plant;

      2. (ii) The location of each factory or plant that closed; and

      3. (iii) An assessment of the reasons for each factory or plant closing; and

   4. (D) The commission's strategies and recommendations for the coming year, including:

      1. (i) An assessment of the relative risk of loss of factories, plants, and jobs in the state; and

      2. (ii) Plans for:

         1. (a) Preventing future closings of factories and plants;

         2. (b) Preventing future losses of jobs;

         3. (c) Increasing the number of economic development proposals within the state;

         4. (d) Drawing an increasing number of economic development proposals into the state; and

         5. (e) Creating new incentives for economic development proposals; and

2. (2) The Director of the Arkansas Economic Development Commission's assessment of the commission's performance, including without limitation a comparison to:

   1. (A) The commission's performance over the past two (2) years;

   2. (B) The commission's own projections; and

   3. (C) Economic development in neighboring states.

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