The council shall: (1) Be a collection point of data and information on the economy of Rhode Island; (2) Advise on economic policy for the governor, the executive office of commerce, and the state; (3) Prepare economic policy analysis on specific issues such as tax credits, tax expenditures, and other related matters; (4) Publish reports and analyses as it sees fit to inform the state of the effect of economic activity and policy; (5) Establish a central repository of economic information in conjunction with the department of administration and the department of revenue and other state departments; (6) Prepare an annual report on the economy of Rhode Island; and (7) Review and advise on the strategic economic development plan for the state of Rhode Island.
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