Monday, November 9, 2015

Apalachicola Mayor Van Johnson Endorses Governor Scott’s Proposed Reforms for Enterprise Florida

Apalachicola, FL - Today Apalachicola Mayor Van W. Johnson, Sr., announced his support for Governor Rick Scott’s proposed reforms for Enterprise Florida, including the creation of the Florida Enterprise Fund. 

Mayor Johnson said,  “I’m proud to fully support Governor Scott’s proposal to create the Florida Enterprise Fund and improve the economic development process at Enterprise Florida. Enterprise Florida has been integral in creating jobs across the State and these reforms can be used to help diversify our local economy, empower our small businesses, and create local jobs for which I’ve dedicated my third mayoral administration to focus on over the next four years.”

The Governor’s proposals endorsed by Enterprise Florida include:
  • Creating a new $250 million competitive fund called the “Florida Enterprise Fund”.
  • Making the Florida Enterprise Fund a state trust fund to replace the existing escrow account to allow the state’s investment to accrue more interest.
  • Increasing the Legislature’s role in competing for job creation projects by requiring that any deal over $1 million have the approval of the Speaker of the House and the Senate President, as well as the Governor.
  • Reforming the return on investment requirements by eliminating the use of waivers and requiring a 10 percent annualized return on top of the original amount invested in a company.
  • Streamline the state’s approval process while continuing to ensure that NO tax dollars leave the state trust fund until a company meets specific job creation goals spelled out in their contract. 
You can also visit today to voice your support.