(9) (a) Files which, if disclosed, would give advantage to competitors or bidders; and (b)(i) records maintained by the Arkansas Economic Development Commission related to any business entity’s planning, site location, expansion, operations, or product development/marketing, unless approval for release of such records is granted by the business entity; (ii) provided, however, this exemption shall not be applicable to any records of expenditures or grants made or administered by the Arkansas Economic Development Commission and otherwise disclosable under the provisions of this chapter;