Enacts new GS 143B-435.2, Educational outreach, providing that the Department of Commerce must require businesses that receive economic development incentives pursuant to this Article to engage in educational outreach efforts, with an annual report on efforts required by March 1 each year.  Sets out, for the purposes of this Article, the type of activities educational outreach efforts include, such as financially supporting local educational employment opportunity offices and funding scholarships to institutions of higher education in degree programs applicable to employment opportunities.

Directs the Department of Commerce, by April 1 of each year, to report to various legislative commissions and committees on all educational outreach efforts made by recipient businesses. Sets out what the report must include.

Effective when the act becomes law, applying to economic development incentives awarded on or after that date.