(a) The Commission shall work collaboratively to advance or develop regional economic initiatives and opportunities that benefit Guam with an emphasis on developing economic initiatives tied to a green economy, zero-waste, food security and sovereignty, and the expansion of healthcare in the region, and collect relevant data to provide for informed decision-making, including, but not limited to:

(1) serving as a think-tank for Guam to research, analyze, and promote mutually-beneficial regional economic initiatives;

(2) collecting relevant data on Guam and throughout the region as needed for informed decision-making regarding regional economic development;

(3) identifying and recommending types of data for the government of Guam to collect to better inform and guide regional economic development for Guam (e.g., agricultural import data for products intended for resale that enter Guam from the region by country, territory, and subdivision therein);

(4) assessing available resources throughout the region;

(5) identifying various economic and other relevant private and governmental initiatives throughout the region;

(6) developing relationships that have the potential to foster mutually-beneficial regional economic and commerce initiatives;

(7) identifying challenges to the establishment of mutually-beneficial regional economic and commerce initiatives; and

(8) recommending policies and programs to I Liheslatura and I Maga’håga which address the potential of and challenges to intraregional commerce meant to strengthen regional resiliency by, but not limited to, providing an oral presentation to I Liheslatura and I Maga’håga on the progress of the Commission and its recommendations on a quarterly basis.