Tag: Department of Economic Opportunity

William PatrickJanuary 11, 2017
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8min452
Florida’s state economic development efforts are “underperforming,” according to a new legislative report. An undesirable label by any standard, critics and lawmakers already skeptical of providing taxpayer support for private businesses are likely to seize on the bureaucratic euphemism and underlying findings to bolster their anti-incentives position ahead of the March state legislative session. The Office […]

William PatrickDecember 2, 2016
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6min347
Ten years to create 303 jobs. That straight-forward commitment was a core aspect of an agreement that allowed a California-based biotech nonprofit to secure $350 million in state and Orlando-area taxpayer support. It didn’t happen. Penned in 2006, time has now run out on Sanford Burnham Prebys Medical Discovery Institute’s deal with the state. It’s […]

Terry RoenNovember 28, 2016
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4min163
Sanford Burnham Prebys Medical Discovery Institute claims that it does not owe half of the $155 million it received as an incentive to move to Florida, while the state has not backed down on its demand for a payback. The Florida Department of Economic Opportunity (DEO) still wants the Lake Nona research facility to return […]

Phil AmmannNovember 22, 2016
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4min308
New House Speaker Richard Corcoran expects funding requests for Florida’s top jobs agency to move through his chamber’s committees, despite his strong personal objections to taxpayer-financed economic incentives. Matt Dixon of POLITICO Florida reports Gov. Rick Scott is requesting $85 million in incentives for a broad range of business deals to attract businesses to Florida. […]

Terry RoenNovember 1, 2016
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5min218
Sanford Burnham Prebys Medical Discovery Institute has two weeks to return $77.6 million in taxpayer money it received as an incentive to build a Central Florida research center. However, the nonprofit research center has balked at the demand and claims they should not be required to repay the state. The Florida Department of Economic Opportunity […]

Staff ReportsOctober 10, 2016
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2min292
Gov. Rick Scott on Monday activated Florida’s Small Business Emergency Bridge Loan Program for small businesses hurt by Hurricane Matthew. “While Floridians across the state did all they could to prepare for Hurricane Matthew, this was a massive and devastating storm that caused heavy damage throughout our state,” Scott said in a statement. “I have toured areas throughout […]


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