Powers of the office

The office shall: (1) monitor the implementation and operation of this part and conduct a continuing evaluation of the progress made in the enterprise zones; (2) evaluate an application for designation as an enterprise zone from a county applicant or a municipal applicant and determine if the applicant qualifies for that designation; (3) provide technical assistance to county applicants and municipal applicants in developing applications for designation as enterprise zones; (4) assist county applicants and municipal applicants designated as enterprise zones in obtaining assistance from the federal government and agencies of the state; (5) assist a qualified business entity in obtaining the benefits of an incentive or inducement program authorized by this part; and (6) as part of the annual written report described in Section 63N-1a-306, prepare an annual evaluation that provides: (a) based on data from the State Tax Commission, the total amount of tax credits claimed under this part; (b) the total amount awarded in tax credits for each development zone; (c) the number of new full-time employee positions reported to obtain tax credits in each development zone; (d) the amount of tax credits awarded for rehabilitating a building in each development zone; (e) the amount of tax credits awarded for investing in a plant, equipment, or other depreciable property in each development zone; and (f) recommendations regarding the effectiveness of the program and any suggestions for legislation.