The department of economic and community development must make an annual report to the governor and the chairs and ranking minority members of the committees having jurisdiction over taxes and economic development. The report must include:
(1) The number of qualified TNInvestcos holding designated capital;
(2) The amount of designated capital invested in each qualified TNInvestco;
(3) The cumulative amount that each qualified TNInvestco has invested as of January 1, 2011, and the cumulative total each year thereafter;
(4) The cumulative amount of follow-on capital that the investments of each qualified TNInvestco have created in terms of capital invested in qualified businesses at the same time or subsequent to investments made by a qualified TNInvestco in such businesses by sources other than qualified TNInvestcos;
(5) The total amount of investment tax credits applied under this chapter for each year;
(6) The performance of each qualified TNInvestco with regard to the requirements for continued certification;
(7) The classification of the companies in which each qualified TNInvestco has invested according to industrial sector and size of company;
(8) The gross number of jobs created by investments made by each qualified TNInvestco and the number of jobs retained;
(9) The location of the companies in which each qualified TNInvestco has invested;
(10) Those qualified TNInvestcos that have been decertified, including the reasons for decertification; and
(11) Other related information as necessary to evaluate the effect of this chapter on economic development.
The department of economic and community development must make an annual report to the governor and the chairs and ranking minority members of the committees having jurisdiction over taxes and economic development. The report must include:
(1) The number of qualified TNInvestcos holding designated capital;
(2) The amount of designated capital invested in each qualified TNInvestco;
(3) The cumulative amount that each qualified TNInvestco has invested as of January 1, 2011, and the cumulative total each year thereafter;
(4) The cumulative amount of follow-on capital that the investments of each qualified TNInvestco have created in terms of capital invested in qualified businesses at the same time or subsequent to investments made by a qualified TNInvestco in such businesses by sources other than qualified TNInvestcos;
(5) The total amount of investment tax credits applied under this chapter for each year;
(6) The performance of each qualified TNInvestco with regard to the requirements for continued certification;
(7) The classification of the companies in which each qualified TNInvestco has invested according to industrial sector and size of company;
(8) The gross number of jobs created by investments made by each qualified TNInvestco and the number of jobs retained;
(9) The location of the companies in which each qualified TNInvestco has invested;
(10) Those qualified TNInvestcos that have been decertified, including the reasons for decertification; and
(11) Other related information as necessary to evaluate the effect of this chapter on economic development.
The department of economic and community development must make an annual report to the governor and the chairs and ranking minority members of the committees having jurisdiction over taxes and economic development. The report must include:
(1) The number of qualified TNInvestcos holding designated capital;
(2) The amount of designated capital invested in each qualified TNInvestco;
(3) The cumulative amount that each qualified TNInvestco has invested as of January 1, 2011, and the cumulative total each year thereafter;
(4) The cumulative amount of follow-on capital that the investments of each qualified TNInvestco have created in terms of capital invested in qualified businesses at the same time or subsequent to investments made by a qualified TNInvestco in such businesses by sources other than qualified TNInvestcos;
(5) The total amount of investment tax credits applied under this chapter for each year;
(6) The performance of each qualified TNInvestco with regard to the requirements for continued certification;
(7) The classification of the companies in which each qualified TNInvestco has invested according to industrial sector and size of company;
(8) The gross number of jobs created by investments made by each qualified TNInvestco and the number of jobs retained;
(9) The location of the companies in which each qualified TNInvestco has invested;
(10) Those qualified TNInvestcos that have been decertified, including the reasons for decertification; and
(11) Other related information as necessary to evaluate the effect of this chapter on economic development.
