October 21, 2020
Wednesday, March 6, 2013
ORLANDO, FL (March 6, 2013) – The Enterprise Florida Board of Directors has identified the following as economic development priorities for the Florida Legislature during its 2013 session.
Removal of the QTI and QDSC per company award caps (Senate Bill 236/House Bill 4013) – This legislation would remove the per company cap for these programs and encourage companies to continue to invest in Florida and create additional jobs.
Update of the Innovation Incentive Fund approval process – Mirroring the Innovation Incentive Fund approval process after the Quick Action Closing (QAC) Fund will allow for a much quicker response to competitive projects.
Manufacturing machinery and equipment tax exemption (Senate Bill 518/House Bill 4013) – Reducing the productivity requirement simplifies the process and allows the manufacturer to focus on equipment purchases without worrying about qualifying for a sales tax exemption, and thus, making Florida’s manufacturing sector more competitive with other states.
Economic development toolkit/SEED fund funding – The economic development toolkit contains incentive programs the state uses to retain and grow existing Florida companies and competitively compete for new business.
Create a recurring funding source for spring training facilities improvements – With five teams that have leases expiring with Florida’s communities in the near future, it is imperative that Florida have in place a mechanism to help ensure these teams stay in Florida.
Space Florida financing fund – In 2010 Space Florida was appropriated $10 million specifically to utilize financing tools. However, no funds have been appropriated since that time.
Institutionalization of spaceports into FDOT’s budget planning – Spaceports are a mode of transportation and should be funded like seaports, roads and rail in FDOT’s budget.
Quick Response Training Grants – Training of workers continues to be a critical part of the economic development process and full funding is needed.
VISIT FLORIDA – Florida’s tourism industry remains an important aspect of Florida’s economy.
Additional items Enterprise Florida supports
Governor Scott’s JOBS Agenda
Policy initiatives that increase Florida’s competitiveness in business development
“Enterprise Florida and its board of directors, led by Governor Scott, are focused on creating jobs for Floridians,” said Regions Financial Corporation Florida president Brett Couch, who serves as the board’s vice chairman. “In the last two years, Enterprise Florida announced 314 projects that are contracted to produce 35,226 new jobs and more than $3.2 billion in capital investment in our communities. These legislative items are vital to continuing that success and ensuring that Florida remains top of mind for companies looking to relocate to or expand their business in our state.”
Through improved products and services, proactive outreach to key audiences and effective partnering with Florida communities, Enterprise Florida made notable business development accomplishments in 2012. Compared to 2011, the number of competitive economic development projects increased by 23 percent (130 to 160), with new jobs from competitive projects totaling 25,144 – 30.4 percent higher than 2011. In addition, companies committed to more than $1.7 billion in capital expenditures in 2012, a 32 percent increase over 2011.
On the international trade front, Enterprise Florida has coordinated three successful TEAM Florida missions so far in fiscal year 2013. Nearly 250 business representatives traveled to Trinidad & Tobago, London & Farnborough (United Kingdom), and Colombia. Those who attended the events reported more than $70 million in actual and expected sales collectively, as a result of nearly 400 pre-arranged business-to-business meetings. The final international trade mission of the fiscal year is scheduled for May in Chile.
Major jobs and investment announcements from 2012 include:
Digital Risk – Orlando/Statewide
1,000 new jobs; $3 million in capital investment
Navy Federal Credit Union – Pensacola
700 new jobs; $6 million in capital investment
Bi-Lo/Winn Dixie – Jacksonville
100 new jobs, 891 retained; $81 million in capital investment
Univision Networks – Miami
346 new jobs; $274 million in capital investment
Cheney Brothers, Inc. – Punta Gorda
380 new jobs; $21 million in capital investment
Accuform Signs – Brooksville
271 new jobs; $15 million in capital investment
The companies Enterprise Florida worked with to garner these jobs and high level of investment reflect the growth industries specifically targeted for the state’s economic development: aviation & aerospace, cleantech, financial & professional services, homeland security/defense, information technology, life sciences, logistics & distribution, corporate headquarters, emerging technologies and other manufacturing sectors.
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Enterprise Florida, Inc. (www.eflorida.com) is a partnership between Florida’s business and government leaders and is the principal economic development organization for the state of Florida. Headquartered in Orlando, Enterprise Florida’s mission is to facilitate job growth for Florida’s businesses and citizens leading to a vibrant statewide economy. In pursuit of its mission, Enterprise Florida works closely with a statewide network of economic development partners and is funded both by the State of Florida and by private-sector businesses.