Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
Section 10-415 - [Effective Until 7/1/2024] Reports(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; and4. 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 or before October 1 each year, beginning in 2023, and every 6 months thereafter, 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.Amended by 2023 Md. Laws, Ch. 48, Sec. 1, eff. 6/1/2023.Amended by 2023 Md. Laws, Ch. 47, Sec. 1, eff. 6/1/2023.Amended by 2020 Md. Laws, Ch. 580, Sec. 1, eff. 10/1/2020.Amended by 2019 Md. Laws, Ch. 488, Sec. 1, eff. 6/1/2019.Amended by 2019 Md. Laws, Ch. 487, Sec. 1, eff. 6/1/2019.Amended by 2015 Md. Laws, Ch. 141, Sec. 2, eff. 10/1/2015.This section is set out more than once due to postponed, multiple, or conflicting amendments.