Right now, jobs and the future of Florida’s economy are in jeopardy. That’s because some politicians in Tallahassee want to eliminate Florida’s economic development programs and slash the state’s tourism marketing efforts.
Enterprise Florida and VISIT FLORIDA, Florida’s economic development and tourism marketing programs, are essential to the economic well-being of our state. Eliminating Florida’s targeted and proven economic development programs is not the way forward, and will slam the brakes on the amazing job creation success Florida has seen since the end of the Great Recession.
While incentives paid for by hardworking taxpayers are rarely if ever used and are almost always inappropriate, Enterprise Florida has safeguards in place to ensure taxpayer dollars are not used as corporate welfare to skimp on contractual obligations. As Gov. Rick Scott, the Florida Chamber of Commerce and Florida TaxWatch, have often said, programs offered by Enterprise Florida are not paid until the business achieves what is outlined in the contract.
If the Florida House has its way, VISIT FLORIDA will see its budget slashed by $50 million — a move that would cut two-thirds funding. Tourism is still one of Florida’s top industries for jobs and economic growth, despite Florida having a more diverse economic portfolio than at any other time in state history.
Florida has advantages, but the Sunshine State also has a major lawsuit abuse problem, we’re the only state that taxes small business rent, and our unfunded pensions cost eight times what we invest in economic development. The point is that until the Florida Legislature puts jobs and families first, now is the worst possible time to make Florida less competitive.
Taking economic development strategies that work off the table is short sighted, and without question, harms Florida’s ability to continue to lead the nation in job creation. Enterprise Florida and VISIT FLORIDA are important pieces to Florida’s economic puzzle and strangling their resources will hurt our state, our taxpayers, job creators and 20-plus million residents for years to come.
Dominic M. Calabro is the President and CEO of Florida TaxWatch
Mark Wilson is the president and CEO of the Florida Chamber of Commerce.