(a) General rule.--The department shall make a report of the program provided for in this act to the Labor and Industry Committee of the Senate and the Labor Relations Committee of the House of Representatives by March 1, 1999, and annually by the first day of March thereafter.

(b) Content.--This report shall include annual data on the number of program participants and the number of businesses developed under the program, business survival data, the cost of operating the program, compliance with program requirements and data related to business income, the number of employees and wages paid in the new businesses and the incidence and duration of unemployment after business start-up. The report may also include any recommended changes in the program.