(1) There is created the Governor's Office of Economic Development.

(2) The office is: (a) responsible for economic development and economic development planning in the state; and (b) the industrial promotion authority of the state.

(a) responsible for economic development and economic development planning in the state; and

(b) the industrial promotion authority of the state.

(3) The office shall: (a) administer and coordinate state and federal economic development grant programs; (b) promote and encourage the economic, commercial, financial, industrial, agricultural, and civic welfare of the state; (c) promote and encourage the employment of workers in the state and the purchase of goods and services produced in the state by local businesses; (d) act to create, develop, attract, and retain business, industry, and commerce in the state; (e) act to enhance the state's economy; (f) administer programs over which the office is given administrative supervision by the governor; (g) submit an annual written report as described in Section 63N-1-301; and (h) perform other duties as provided by the Legislature.

(a) administer and coordinate state and federal economic development grant programs;

(b) promote and encourage the economic, commercial, financial, industrial, agricultural, and civic welfare of the state;

(c) promote and encourage the employment of workers in the state and the purchase of goods and services produced in the state by local businesses;

(d) act to create, develop, attract, and retain business, industry, and commerce in the state;

(e) act to enhance the state's economy;

(f) administer programs over which the office is given administrative supervision by the governor;

(g) submit an annual written report as described in Section 63N-1-301; and

(h) perform other duties as provided by the Legislature.

(4) In order to perform its duties under this title, the office may: (a) enter into a contract or agreement with, or make a grant to, a public or private entity, including a municipality, if the contract or agreement is not in violation of state statute or other applicable law; (b) except as provided in Subsection (4)(c), receive and expend funds from a public or private source for any lawful purpose that is in the state's best interest; and (c) solicit and accept a contribution of money, services, or facilities from a public or private donor, but may not use the contribution for publicizing the exclusive interest of the donor.

(a) enter into a contract or agreement with, or make a grant to, a public or private entity, including a municipality, if the contract or agreement is not in violation of state statute or other applicable law;

(b) except as provided in Subsection (4)(c), receive and expend funds from a public or private source for any lawful purpose that is in the state's best interest; and

(c) solicit and accept a contribution of money, services, or facilities from a public or private donor, but may not use the contribution for publicizing the exclusive interest of the donor.

(5) Money received under Subsection (4)(c) shall be deposited in the General Fund as dedicated credits of the office.

(6) (a) The office shall obtain the advice of the board before implementing a change to a policy, priority, or objective under which the office operates. (b) Subsection (6)(a) does not apply to the routine administration by the office of money or services related to the assistance, retention, or recruitment of business, industry, or commerce in the state.

(a) The office shall obtain the advice of the board before implementing a change to a policy, priority, or objective under which the office operates.

(b) Subsection (6)(a) does not apply to the routine administration by the office of money or services related to the assistance, retention, or recruitment of business, industry, or commerce in the state.