Agenda - Economic Development Authority - 11/13/2008

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':<=';'=:'--="'~.:"=-=~--"';;""-':- :!~3.a_~-~::::~~:?:~::;! ~",-~~--,.- -. ----.-----. ~~'(@;'ijzi:iz:tyc'"i::::~t'2X:;:';;, :::~-_~;.:,::..:.',:;:...::..:..:~~.o:.:::::.-. _~:.._:.:...~,,:.c:...:.....:..~._~. ;-:-_'';'';' "'-"------ -----.- -- 7 . MINNESOTA STATUTES 2008 116J.994 The commissioner must coordinate the production of reports so that useful comparisons across time periods and across grantors can be made. The commissioner may add other information to the report as the commissioner deems necessary to evaluate business subsidies. Among the information in the summary and compilation report, the commissioner must include: (1) total amount of subsidies awarded in each development region of the state; (2) distribution of business subsidy amounts by size ofthe business subsidy; (3) distribution of business subsidy amounts by time category; (4) distribution of subsidies by type and by public purpose; (5) percent of all business subsidies that reached their goals; (6) percent of business subsidies that did not reach their goals by two years from the benefit date; . (7) total dollar amount of business subsidies that did not meet their goals after two years from the benefit date; (8) percent of sub$idies that did not meet their goals and that did not receive repayment; (9) list of rec~pients that have failed to meet the terms of a subsidy agreement in the past five years and have not satisfied their repayment obligations; (lO}number of part-time and full-time jobs within separate bands of wages for the entire state and for each development region of the state; (11) benefits paid within separate bands of wages for the entire state and for each development region of the state; and (12) number of employees in the entire state and in each development region of the state who ceased to be employed because their employers relocated to become eligible for a business subsidy. Subd. 10, Compilation. The Department of Employment and Economic Development must publish a yompilation of granting agencies' criteria policies adopted in the previous two calendar years by December 1 of2004 and every other year thereafter. Subd. 11. Enforcement. (a) A person with residence in or an owner of taxable property located in the jurisdiction ofthe grantor may bring an action for equitable relief arising out of the failure of the grantor to comply with sections 116J.993 to 116J.995. The court may award a prevailing party in an action under this subdivision costs and reasonable attorney fees. . , Copyright @ 2008 by the Revisor of Statutes, State of Minnesota. All Rights Reserved. 37