EDSR INFORMATION #1 06-14-1999 - Laserfiche WebLink

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05/16/99 6:21 p.m. [RESDEPT ] JF KB56 1 of trade and economic development must publish a compilation and • 2 summary of the results of the reports for the previous calendar 3 year by July 1 of each year The reports of the government 4 agencies to the department and the compilation and summary 5 report of the department must be made available to the public. 6 Among the information in the summary and compilation 7 report, the commissioner must include: 8 (1) total amount of subsidies awarded in each development 9 region of the state; 10 (2) distribution of business subsidy amounts by size of the 11 business subsidy; • 12 (3) distribution of business subsidy amounts by time 13 category, such as monthly or quarterly; 14 (4) distribution of subsidies by type and by public 15 purpose; 16 (5) percent of all business subsidies that reached their 17 goals; 18 (6) percent of business subsidies that did not reach their • 19 goals by two years from the benefit date; 20 (7) total dollar amount of business subsidies that did not 21 meet their goals after two years from the benefit date; 22 (8) percent of subsidies that did not meet their goals and 23 that did not receive repayment; 24 (9) list of recipients that have failed to meet the terms 25 of a subsidy. agreement in the past five years; 26 (10) number of part-time and full-time jobs within separate 27 bands of wages; and 28 (11) benefits paid within separate bands of wages. 29 Sec. 3. [116J.995] [ECONOMIC GRANTS. ] 30 An appropriation 'rider in an appropriation to the 31 department of trade and economic development that specifies that 32 the appropriation be granted to a particular business or class 33 of businesses must contain a statement of the expected benefits • 34 associated with the grant. At a minimum, the statement must 35 include goals for the number of jobs created, wages paid, and 36 the tax revenue increases due to the grant. 9