HB 1046

Adds new GS 143B-434.02, requiring the Department of Commerce (DOC) to prepare and publish a biennial report on economic, affordability, and family economic security in North Carolina. Specifies that the report’s purpose is to supplement traditional measures of economic activity by providing the General Assembly and the public with information on statewide and county-level economic conditions affecting individuals, families, and communities. Provides for required sources of data and description of methodology. Sets forth seven required metrics that must be included in the reports, including the described hardship indicators, work and earnings, indicators, household affordability indicators, cost-burden indicators, education and workforce preparation indicators, community and regional opportunity indicators, and other county-level indicators of economic opportunity, business formation, or workforce access that DOC determines are appropriate and supported by reliable public data. Requires DOC to submit the report to the NCGA, the specified NCGA commissions and division by no later than January 31 of each odd-numbered year and to publish the report on its website.