On or before October 1 each year, the Commission shall submit a report to the Governor, the Maryland Economic Development Commission, and, in accordance with § 2–1257 of the State Government Article, the General Assembly. The report shall include: a summary of the activities of the Commission during the preceding fiscal year; a current copy of the strategic plan developed under § 5–2606 of this subtitle; and an update on progress in implementing the strategic plan developed under this subtitle.