The Governor's Office of Economic Development shall report to either the Joint Committee on Appropriations or the Interim Committee on Appropriations on a biannual basis the following for each award or grant made from the fund:
(1) The name of the recipient and the amount of the award or grant;
(2) The location of the recipient;
(3) The research or economic development purpose being funded;
(4) The measures being used to determine the economic impact of the award or grant; and
(5) The number of jobs created or retained, if any.