Maryland Statutes
Part I - General Provisions
Section 10-415 - 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; 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.