(1) The Department of Commerce shall prepare an annual report, and shall provide Council with such reports pursuant to the schedule set forth in subsection (2) below, that shall include the following:
(a) a summary of all Workforce Development Programs; and
(b) an overview, including such data and supporting documentation as is meaningful and available, of the economic effectiveness and other impacts of such Workforce Development Programs; and
(c) a summary of similar workforce development programs in comparable cities; and
(d) a summary of national best practices and effective workforce solutions; and
(e) the following city-wide employment statistics:
(.1) the percentage of employed Philadelphians by race, sex, age and zip code;
(.2) the number and percentage of jobs based in Philadelphia held by Philadelphians; and
(f) a summary of which Workforce Development Programs are meeting, exceeding or falling below City objectives and national best practices.
(2) The first report shall be provided to the Chief Clerk of Council no later than December 31, 2023. Thereafter, an annual report shall be provided to Council no later than June 30 each year.