(a) (1) On or before October 1 each year, the Corporation shall report to the Governor 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: 1. the principal business operations; 2. the number of employees in the State and the number of employees outside the State; 3. the capital or other investments made in the State; and 4. the proposed and actual job creation or capital investment in the State as a result of the investment or support; (vi) information on the creation of and appointments made to an advisory committee and the responsibilities of the advisory committee and members of the committee; and (vii) the policies of the Board and any changes to existing policies. (b) (1) On a quarterly basis, the Corporation shall report to the Governor 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 businesses and projects 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 businesses and projects receiving support shall include for each: (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. (c) The Corporation shall publish annual financial statements, audit reports, and policies of the Board visibly on its website.
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