(a) (1) On or before October 1 of each year, the Corporation shall report to the Governor, the Maryland Economic Development Commission, and, in accordance with § 2–1257 of the State Government Article, the General Assembly.
(2) The report required under this subsection shall include:
(i) a complete operating and financial statement covering the Corporation’s operations;
(ii) a summary of the Corporation’s activities during the preceding fiscal year;
(iii) information on all salaries and any incentives approved by the Board for Corporation employees;
(iv) information on outreach, training, mentorship, support, and investment in minority and women–owned qualified businesses, including support for marketing by the Maryland Small Business Development Financing Authority;
(v) information on entities that have current investments and entities that received funding or investments in the current year on the:
1. principal business operations;
2. number of employees in the State and the number of employees outside the State;
3. capital or other investments made in the State; and
4. proposed and actual job creation or capital investment in the State as a result of the investment or support;
(vi) a list of businesses that have received funding that would no longer qualify as a qualified business; and
(vii) information on the creation of and appointments made to an advisory committee and the responsibilities of the advisory committee and members of the committee.
(b) (1) On a quarterly basis, the Corporation shall report to the Governor, the Maryland Economic Development Commission, and, in accordance with § 2–1257 of the State Government Article, the Joint Audit and Evaluation Committee and the General Assembly.
(2) The report required under this subsection shall include a list of the qualified businesses or other businesses receiving support through programs administered by the Corporation, including those receiving investments made under § 21–123.2 of the State Personnel and Pensions Article.
(3) The list of qualified businesses or other businesses receiving support shall include for each business:
(i) the number of employees in the State;
(ii) the number of employees outside the State;
(iii) the capital or other investments made in the State; and
(iv) proposed job creation or capital investment in the State as a result of the investment or support.