Economic Development


Vital to the long-term health of the state's economy and job creation, state and local economic development policies, programs, and efforts have been a focus of TaxWatch research for 35 years. 

Related Research

Now is the Time to Eliminate the Business Rent Tax

04/2017 // It would be difficult to find a more clear and widespread competitive disadvantage faced by many Florida businesses than the Business Rent Tax (BRT). This report looks at how to provide relief. 


The Show May Not Go On: An analysis of the cost of severe cuts to Florida's tourism marketing

03/2017 // Florida tourism is an absolutely critical industry to the state, employing millions of people and contributing millions of dollars to state coffers. Despite its importance to the Sunshine State, tourism is in the crosshairs of the Florida House, a costly decision according to this report. 


Expanding Florida's High-Tech Manufacturing Sector

03/2017 // This Briefing revises high-tech manufacturing, one sector that could benefit from state investment and has been touted in the past by government officials as a way to expand Florida's economic diversity. 


Supporting Sunshine State Shoppers

02/2017 // Florida residents come out in droves to take advantage of sales tax holidays, the subject of this report. These ever-popular tax breaks allow Florida shoppers to take advantage of tax-free purchases on certain items. 


Analysis of Pending CDMP Application by International Atlantic, LLC

09/2016 // Florida TaxWatch has studied the applications submitted to the County by International Atlantic, LLC, and this report details the findings of that review. 


Pay for Performance Contracting

08/2016 // State contracts typically referred to as either performance-based contracting or pay for performance (PFP) are specially formulated so that contracted entities are paid for the outcomes or results of their work, and not just the services that are provided. 


Florida's 2016 Mid-Year Job Growth

07/2016 // This Economic Commentary looks at Florida's mid-year job growth figures, showing that the state has added approximately 244,500 non-farm jobs over the past year. 


The Impact of a $15/hr Minimum Wage

06/2016 // In states across the nation, minimum wage policies continue to dominate political and economic discussions. Recently, two of the nation’s largest states, New York and California, have both passed laws that will gradually raise the minimum wage in those states to $15/hr. This report examines the potential impact of an abrupt raise of Florida's minimum wage to $15/hr. 


Pumping Savings into the Economy

02/2016 // There are very few products or services that impact, in one way or another, nearly every consumer in the United States. One product that does is gasoline. This Economic Commentary focuses on the impact of the reduction in oil prices on the U.S. and Florida consumers. 


Welcoming the World

02/2016 // Tourism is vital to the economy of Florida, and with the recovery of the world economy, international travel across the world is reaching record highs. This, coupled with data showing the major positive impact international tourists have on economies, provides evidence that Florida should expand its efforts when it comes to attracting foreign visitors to the state. 


A Catalyst for Growth

02/2016 // This analysis finds that Florida’s competitive tax climate and welcoming weather entice businesses to our state, but Florida must provide targeted incentive packages that will help create high-paying jobs in the Sunshine State as we compete with other states for domestic and global business. 


Building Florida's High-Tech Manufacturing Sector

02/2016 // As the global manufacturing industry shifts away from classically portrayed steel and car plants to a modernized approach of high-tech manufacturing; companies, countries, and states find themselves looking for a way to best position themselves to benefit from the future of manufacturing. Florida finds itself in a unique position to capitalize on an existing project that could help the state become a world leader in high-tech manufacturing for years to come. 


2016 Economic Preview

01/2016 // As we kick off 2016, Floridians can look forward to consistent growth in the Florida economy. As shown in the December 2015 Economic Commentary, Florida experienced strong job growth in 2015, adding nearly a quarter of a million jobs. Heading into 2016, Florida’s job market is widely expected to maintain its course as the Florida economy as a whole continues to strengthen. One of the most commonly used metrics to measure a state’s economy is the Real Gross State Product (RGSP), which measures the value of economic output for a given state, adjusted for price changes stemming from inflation or deflation. Florida’s RGSP is expected to grow 3.1 percent in 2016, which is roughly a half a percentage point higher than the United States. 


2015 Job Growth Leads to Record-High Employment

12/2015 // For the past five years, Florida TaxWatch has published an annual review that has analyzed the most recent year’s employment figures. As December comes to a close and the New Year is upon us, TaxWatch looks to assess how our job market fared in 2015. 


Extending the Manufacturing Machinery & Equipment Sales Tax Exemption

11/2015 // Given the diverse economic benefits provided by manufacturing, it is in the state’s best interest to continue to foster growth in this sector, and Florida lags behind compared to other Southern states. But while most Southern states provide broad tax exemptions for manufacturing equipment, Florida’s most important exemption to encourage capital investment in manufacturing will sunset in April 2017. The analysis in this report demonstrates that extending the exemption could provide a significant economic benefit to the state, and its manufacturing industry. 


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106 N. BRONOUGH ST., TALLAHASSEE, FL 32301
TEL: 850.222.5052     |     FAX: 850.222.7476

Media Inquiries:  Contact Leah Courtney by Email or Phone: 850.212.5052

Media Inquiries:
Contact Leah Courtney by Email
or Phone: 850.212.5052