2006 Kansas Code - 74-8002

      74-8002.   Purpose. (a) The purpose of Kansas, Inc. shall be to:

      (1)   Undertake ongoing strategic analysis in order to determine the state's areas of potential and continuing competitive economic advantage and disadvantage;

      (2)   oversee the formulation of economic development policy and strategic planning for the state;

      (3)   oversee the targeting of scarce state resources by size and sector of economic activity and by geographic location within the state in order to enhance the state's potential comparative economic advantages;

      (4)   undertake continuing strategic planning for the improvements of the state's tax, regulatory and expenditure policies to enhance the state's potential comparative economic advantages;

      (5)   oversee crisis management and opportunity management of short term potential gains or losses in economic activity through impact analysis;

      (6)   serve in an advisory capacity to the Kansas department of commerce;

      (7)   provide appropriate oversight to ensure the successful implementation of Kansas Venture Capital, Inc.;

      (8)   forge a supportive partnership with the standing committee on commerce of the senate, the standing committee on economic development of the house of representatives and the joint committee on economic development, the governor and the secretary of commerce, the Kansas technology enterprise corporation, Kansas Venture Capital, Inc., Kansas certified development companies, Kansas small business development centers, Kansas public and private educational institutions, and other appropriate private and public sector organizations in achieving the economic goals of the state;

      (9)   establish goals, priorities and program standards, and evaluate the effectiveness of state economic development programs and policies according to the goals, priorities and standards established;

      (10)   institutionalize ongoing means of collaboration between the executive and legislative branches, the business, agricultural and financial sectors, educational institutions and local communities to create a developing Kansas economy the increasing innovation, creativity, diversity and productivity of which is greater than any one sector can achieve acting alone; and

      (11)   review and evaluate the Kansas technology enterprise corporation, the major programs and activities of the department of commerce, the statewide risk capital system, the venture capital tax credit, and the investments in research and development activities tax credit.

      History:   L. 1986, ch. 298, § 1; L. 1990, ch. 283, § 1; L. 1993, ch. 136, § 10; L. 1996, ch. 88, § 8; L. 2003, ch. 154, § 69; July 1.