This bill addresses economic development planning and programs within the Governor's Office of Economic Opportunity.
This bill:
- defines terms and modifies definitions;
- modifies the duties of the executive director of the Governor's Office of Economic Opportunity (executive director);
- establishes the Economic Opportunity Coordinating Council (council);
- describes the membership of the council;
- describes the duties of the council;
- requires the council to create a work group to provide oversight for the opportunity zone application process in 2026;
- establishes reporting requirements for the council;
- beginning January 1, 2028, requires the executive director to provide an annual written report to the Economic Development and Workforce Services Interim Committee;
- modifies the requirements for the creation of an economic development zone; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 63N-2-103, 63N-2-104