(b) The application shall contain at least a three-year strategic plan that:

1. (1) Is consistent with the Governor’s Strategic Plan for Economic Development; and

2. (2) Includes the following:

   1. (A) The proposed activities of the partnership; and
   2. (B) A budget for the next calendar year clearly identifying the proposed expenditure for which the grant funds are requested.

(c) Also, the application shall provide the following information:

1. (1) Proof of organization (include copies of corporation filings with the Secretary of State);

2. (2) A copy of the entity’s:

   1. (A) Governing documents approved by the entity’s governing board;
   2. (B) Bylaws; or
   3. (C) If incorporated, the Articles of Incorporation;
3. (3) A map of the economic development region and the population served by the partnership based on the latest decennial census;
4. (4) The identity of each public organization and private organization active in economic development within the economic development region and the role each organization will undertake in the regional economic development partnership;
5. (5) A list of the current members of the board of directors and the entity each member represents;

6. (6)

   1. (A) Evidence of the staff dedicated to:

(i) The regional economic development partnership; or

1. (ii) Program management of the regional economic development partnership.

   1. (B) Dedicated staff may be employed by an entity other than the regional economic development partnership; and

2. (7)

   1. (A) Be prepared to provide local match in a ratio of one-to-one (1:1) to access state funding for regional economic development.

   2. (B) These agreements between the regional partnerships and the state:

      1. (i) Will be for a term of one (1) year; and
      2. (ii) May be renewed beyond the year in which funding was first provided under the Regional Economic Development Partnerships Act, Arkansas Code § 15-4-3401 et seq.