§ 8716A. Reports.
404 words·~2 min read·
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(a)The Division shall submit 1 annual report on or before December 1 of each year that includes all of the following information:
(1)The status of the Division’s efforts to meet the vision, goals, objectives, strategies, and economic indicators included in its comprehensive economic development planning.
(2)A summary of the work of the Council on Development Finance.
(3)The uses of the Delaware Strategic Fund for the previous year. The Director shall notify the Co-Chairs of the Joint Legislative Committee on the Capital Improvement Program on the remaining Strategic Fund balance available for commitment.
(4)The status of assistance for small business, including the Small Business Technology Transfer Program and the Small Business Innovative Research Program.
(5)The programs and funding under the Delaware Economic Development Training Act authorized by subchapter VIII of this chapter, including an evaluation of the performance of each program, a summary of the public moneys expended and an analysis of the participants in the programs, a report on the number of minority and economically disadvantaged individuals included in the programs.
(6)The names of all certified sponsor and new business firms, the total amount of tax credits awarded, and the number of jobs created under the new business certification tax program.
(b)The Division shall notify the Co-Chairs of the Joint Legislative Committee on the Capital Improvement Program of its intention to make a commitment of funds from the Strategic Fund before the commitment being made to the intended recipient of the funds.
(c)The Division shall also submit special reports upon the request of the Governor, the General Assembly, the Secretary, the Council on Development Finance, or at the discretion of the Director of those aspects of the Division’s work which may be deemed of current interest. Copies of all reports shall be made available for general distribution or sale and published on the Division’s public website.
(d)In preparing any reports on its operations, the Division may seek the advice of outside experts in the fields of tourist and travel promotion or general economic development.
(e)The Division shall submit all reports, when due, to the Governor, President Pro Tempore of the Senate, Speaker of the House of Representatives, the Secretary, and, for public distribution, to the Director and the Librarian of the Division of Legislative Services, and the Director of Public Archives. The Division shall also publish the reports on the Division’s public website.