(a) The Arkansas Economic Development Commission is the state agency responsible for implementing programs and policies aimed at improving the state's economic condition.
(b) The purposes of the commission are to:
(1) Serve as the primary governmental source for carrying out the Governor's plan for economic development in the state;
(2) Promote the state with a central focus on regional economic development efforts;
(3) Coordinate the activities of private and public efforts to advance economic development in the state;
(4) Compile and disseminate all available information pertinent to the economic opportunities afforded by the state;
(5) Receive and disburse funds for the purpose of community and economic development; and
(6) Perform other duties as designated by the Governor.
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