(1) On or before September 1 of each year, the program director shall collect the information described in Subsection (2) from each private entity that: (a) receives USTAR support; (b) receives more than 20 hours of training from USTAR; (c) purchases a private entity that previously received USTAR support; or (d) licenses a technology developed by a USTAR researcher.

(a) receives USTAR support;

(b) receives more than 20 hours of training from USTAR;

(c) purchases a private entity that previously received USTAR support; or

(d) licenses a technology developed by a USTAR researcher.

(2) The program director shall collect information on: (a) public or private investment received by the private entity after the private entity: (i) begins to receive USTAR support; (ii) licenses a technology from a USTAR researcher; or (iii) purchases a private entity that previously received USTAR support; (b) sales or revenue generated by the product or technology; (c) the number of jobs created by the private entity and the average wage for each position; and (d) the location of the private entity.

(a) public or private investment received by the private entity after the private entity: (i) begins to receive USTAR support; (ii) licenses a technology from a USTAR researcher; or (iii) purchases a private entity that previously received USTAR support;

(i) begins to receive USTAR support;

(ii) licenses a technology from a USTAR researcher; or

(iii) purchases a private entity that previously received USTAR support;

(b) sales or revenue generated by the product or technology;

(c) the number of jobs created by the private entity and the average wage for each position; and

(d) the location of the private entity.

(3) (a) To collect the information described in Subsection (2), the program director shall, in accordance with Title 63G, Chapter 6a, Utah Procurement Code, contract with an independent third party to conduct a survey of each private entity described in Subsection (1). (b) The independent third party selected under Subsection (3)(a) shall use industry standard practices to collect the information described in Subsection (2).

(a) To collect the information described in Subsection (2), the program director shall, in accordance with Title 63G, Chapter 6a, Utah Procurement Code, contract with an independent third party to conduct a survey of each private entity described in Subsection (1).

(b) The independent third party selected under Subsection (3)(a) shall use industry standard practices to collect the information described in Subsection (2).

(4) The program director and Department of Workforce Services shall coordinate to verify the job and average wage information described in Subsection (2)(c).