(1) On or before October 1, 2024, and on or before October 1 of each even-numbered year thereafter, the department shall submit a report to the Governor and the Legislature that includes, but is not limited to:

(a) A description of the demand for grants and counseling services under the Small Business Assistance Act from all geographic regions in Nebraska;

(b) A listing of the grant recipients and the amounts of grants awarded pursuant to the act in the previous two fiscal years;

(c) A listing of the recipients of counseling services under the act in the previous two fiscal years;

(d) The impact of the grants provided under the act, including information on:

(i) The number of jobs created;

(ii) The economic impact on the area where the grant recipient is located;

(iii) The impact on state and local tax revenue; and

(iv) The types of businesses created, listed by industry.

(2) The report submitted to the Legislature shall be submitted electronically.

(3) The department may require the private entity described in section 81-12,234 and any recipients of grants or counseling services to provide periodic reports and information to enable the department to fulfill the requirements of this section.

(4) The report shall contain no information that is protected by state or federal confidentiality laws.