§ 15-4-219 - Annual report. - Arkansas Statutes

15-4-219. Annual report.

The Arkansas Economic Development Council shall present a report annually on the Arkansas Economic Development Council's work during the previous calendar year, in these areas of concern:

(1) An accounting of:

(A) All projects completed the previous calendar year, including:

(i) The number of jobs created by each project and average hourly wages or annual salaries for each project;

(ii) The location of each project; and

(iii) What elements of the council's incentive packages were used;

(B) All projects offered but not opened, including:

(i) An assessment of the reasons why offered projects failed to open; and

(ii) Proposals the General Assembly should consider that would have assisted the council in its negotiations;

(C) All factories and plants closed, including:

(i) The number of jobs lost;

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

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

(D) The council'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's assessment of the council's performance, including a comparison to:

(A) The council's performance over the past two (2) years;

(B) The council's own projections; and

(C) Economic development in neighboring states.