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State bill requires large economic development aid recipients to report hiring and wages.
A new bill in the state Legislature requires companies receiving over $11 billion in annual economic development aid to issue semi-annual reports detailing local hiring, wage rates, and payroll.
The legislation, aimed at increasing transparency, would mandate these disclosures for firms with 25 or more employees while protecting employee privacy.
Supporters argue the measure ensures taxpayers get value from their investments and holds companies accountable for fulfilling promises to boost the local economy.
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El proyecto de ley estatal requiere que los grandes beneficiarios de ayuda para el desarrollo económico informen la contratación y los salarios.