CS for SB 406                                    First Engrossed
       
       
       
       
       
       
       
       
       2013406e1
       
    1                        A bill to be entitled                      
    2         An act relating to economic development; establishing
    3         the Economic Development Programs Evaluation;
    4         requiring the Office of Economic and Demographic
    5         Research and the Office of Program Policy Analysis and
    6         Government Accountability to present the evaluation;
    7         requiring the offices to develop and submit a work
    8         plan for completing the evaluation by a certain date;
    9         requiring the offices to provide an analysis of
   10         certain economic development programs and specifying a
   11         schedule; requiring the Office of Economic and
   12         Demographic Research to make certain evaluations in
   13         its analysis; limiting the office’s evaluation for the
   14         purposes of tax credits, tax refunds, sales tax
   15         exemptions, cash grants, and similar programs;
   16         requiring the office to use a certain model to
   17         evaluate each program; requiring the Office of Program
   18         Policy Analysis and Government Accountability to make
   19         certain evaluations in its analysis; providing the
   20         offices access to all data necessary to complete the
   21         evaluation; amending s. 20.60, F.S.; revising the date
   22         on which the Department of Economic Opportunity and
   23         Enterprise Florida, Inc., are required to report on
   24         the business climate and economic development in the
   25         state; specifying reports and information that must be
   26         included; amending s. 212.08, F.S.; revising
   27         definitions; clarifying the application of certain
   28         amendments; amending s. 213.053, F.S.; authorizing the
   29         Department of Revenue to make certain information
   30         available to the director of the Office of Program
   31         Policy Analysis and Government Accountability and the
   32         coordinator of the Office of Economic and Demographic
   33         Research; authorizing the offices to share certain
   34         information; amending s. 220.194, F.S.; requiring the
   35         annual report for the Florida Space Business
   36         Incentives Act to be included in the annual incentives
   37         report; deleting certain reporting requirements;
   38         amending s. 288.005, F.S.; providing a definition;
   39         amending s. 288.012, F.S.; requiring each State of
   40         Florida international office to submit a report to
   41         Enterprise Florida, Inc., for inclusion in its annual
   42         report; deleting a reporting date; amending s.
   43         288.061, F.S.; requiring the Department of Economic
   44         Opportunity to analyze each economic development
   45         incentive application; prohibiting the executive
   46         director from approving an economic development
   47         incentive application unless a specified written
   48         declaration is received; amending s. 288.0656, F.S.;
   49         requiring the Rural Economic Development Initiative to
   50         submit a report to supplement the Department of
   51         Economic Opportunity’s annual report; deleting certain
   52         reporting requirements; creating s. 288.076, F.S.;
   53         providing definitions; requiring the department to
   54         publish on a website specified information concerning
   55         state investment in economic development programs;
   56         requiring the department to use methodology and
   57         formulas established by the Office of Economic and
   58         Demographic Research for specified calculations;
   59         requiring the Office of Economic and Demographic
   60         Research to provide a description of specified
   61         methodology and formulas to the department and
   62         requiring the department to publish this description
   63         on its website within a specified period; providing
   64         procedures and requirements for reviewing, updating,
   65         and supplementing specified published information;
   66         requiring the department to annually publish
   67         information relating to the progress of Quick Action
   68         Closing Fund projects; requiring the department to
   69         publish certain confidential information pertaining to
   70         participant businesses upon expiration of a specified
   71         confidentiality period; requiring the department to
   72         publish certain reports concerning businesses that
   73         fail to complete tax refund agreements under the tax
   74         refund program for qualified target industry
   75         businesses; providing for construction and legislative
   76         intent; authorizing the department to adopt rules;
   77         repealing s. 288.095(3)(c), F.S., relating to the
   78         annual report by Enterprise Florida, Inc., of programs
   79         funded by the Economic Development Incentives Account;
   80         amending s. 288.106, F.S.; deleting and adding
   81         provisions relating to the application and approval
   82         process of the tax refund program for qualified target
   83         industry businesses; requiring the Department of
   84         Economic Opportunity to include information on
   85         qualified target industry businesses in the annual
   86         incentives report; deleting certain reporting
   87         requirements; amending 288.107, F.S.; revising
   88         definitions; revising provisions to conform to changes
   89         made by the act; revising the minimum criteria for
   90         participation in the brownfield redevelopment bonus
   91         refund; amending s. 288.1081, F.S.; requiring the use
   92         of loan funds from the Economic Gardening Business
   93         Loan Pilot Program to be included in the department’s
   94         annual report; deleting certain reporting
   95         requirements; amending s. 288.1082, F.S.; requiring
   96         the progress of the Economic Gardening Technical
   97         Assistance Pilot Program to be included in the
   98         department’s annual report; deleting certain reporting
   99         requirements; amending s. 288.1088, F.S.; requiring
  100         the department to validate contractor performance for
  101         the Quick Action Closing Fund and include the
  102         performance validation in the annual incentives
  103         report; deleting certain reporting requirements;
  104         amending s. 288.1089, F.S.; requiring that certain
  105         projects in the Innovation Incentive Program provide a
  106         cumulative break-even economic benefit; requiring the
  107         department to report information relating to the
  108         Innovation Incentive Program in the annual incentives
  109         report; deleting certain reporting requirements;
  110         deleting provisions that require the Office of Program
  111         Policy Analysis and Government Accountability and the
  112         Auditor General’s Office to report on the Innovation
  113         Incentive Program; amending s. 288.1253, F.S.;
  114         revising a reporting date; requiring expenditures of
  115         the Office of Film and Entertainment to be included in
  116         the annual entertainment industry financial incentive
  117         program report; amending s. 288.1254, F.S.; revising a
  118         reporting date; requiring the annual entertainment
  119         industry financial incentive program report to include
  120         certain information; amending s. 288.1258, F.S.;
  121         revising a reporting date; requiring the report
  122         detailing the relationship between tax exemptions and
  123         incentives to industry growth to be included in the
  124         annual entertainment industry financial incentive
  125         program report; amending s. 288.714, F.S.; requiring
  126         the Department of Economic Opportunity’s annual report
  127         to include a report on the Black Business Loan
  128         Program; deleting certain reporting requirements;
  129         amending s. 288.7771, F.S.; requiring the Florida
  130         Export Finance Corporation to submit a report to
  131         Enterprise Florida, Inc.; amending s. 288.903, F.S.;
  132         requiring Enterprise Florida, Inc., with the
  133         Department of Economic Opportunity, to prepare an
  134         annual incentives report; repealing s. 288.904(6),
  135         F.S., relating to Enterprise Florida, Inc., which
  136         requires the department to report the return on the
  137         public’s investment; amending s. 288.906, F.S.;
  138         requiring certain reports to be included in the
  139         Enterprise Florida, Inc., annual report; amending s.
  140         288.907, F.S.; requiring Enterprise Florida, Inc.,
  141         with the Department of Economic Opportunity, to
  142         prepare the annual incentives report; requiring the
  143         annual incentives report to include certain
  144         information; deleting a provision requiring the
  145         Division of Strategic Business Development to assist
  146         Enterprise Florida, Inc., with the report; amending s.
  147         288.92, F.S.; requiring each division of Enterprise
  148         Florida, Inc., to submit a report; amending s.
  149         288.95155, F.S.; requiring the financial status of the
  150         Florida Small Business Technology Growth Program to be
  151         included in the annual incentives report; amending s.
  152         290.0056, F.S.; revising a reporting date; requiring
  153         the enterprise zone development agency to submit
  154         certain information for the Department of Economic
  155         Opportunity’s annual report; amending s. 290.014,
  156         F.S.; revising a reporting date; requiring certain
  157         reports on enterprise zones to be included in the
  158         Department of Economic Opportunity’s annual report;
  159         amending s. 331.3051, F.S.; revising a reporting date;
  160         requiring Space Florida’s annual report to include
  161         certain information; amending s. 331.310, F.S.;
  162         requiring the Board of Directors of Space Florida to
  163         supplement Space Florida’s annual report with
  164         operations information; deleting certain reporting
  165         requirements; amending s. 446.50, F.S.; requiring the
  166         Department of Economic Opportunity’s annual report to
  167         include a plan for the displaced homemaker program;
  168         deleting certain reporting requirements; providing an
  169         effective date.
  170  
  171  Be It Enacted by the Legislature of the State of Florida:
  172  
  173         Section 1. Economic Development Programs Evaluation.—The
  174  Office of Economic and Demographic Research and the Office of
  175  Program Policy Analysis and Government Accountability (OPPAGA)
  176  shall develop and present to the Governor, the President of the
  177  Senate, the Speaker of the House of Representatives, and the
  178  chairs of the legislative appropriations committees the Economic
  179  Development Programs Evaluation.
  180         (1) The Office of Economic and Demographic Research and
  181  OPPAGA shall coordinate the development of a work plan for
  182  completing the Economic Development Programs Evaluation and
  183  shall submit the work plan to the President of the Senate and
  184  the Speaker of the House of Representatives by July 1, 2013.
  185         (2) The Office of Economic and Demographic Research and
  186  OPPAGA shall provide a detailed analysis of economic development
  187  programs as provided in the following schedule:
  188         (a) By January 1, 2014, and every 3 years thereafter, an
  189  analysis of the following:
  190         1. The capital investment tax credit established under s.
  191  220.191, Florida Statutes.
  192         2. The qualified target industry tax refund established
  193  under s. 288.106, Florida Statutes.
  194         3. The brownfield redevelopment bonus refund established
  195  under s. 288.107, Florida Statutes.
  196         4. High-impact business performance grants established
  197  under s. 288.108, Florida Statutes.
  198         5.The Quick Action Closing Fund established under s.
  199  288.1088, Florida Statutes.
  200         6. The Innovation Incentive Program established under s.
  201  288.1089, Florida Statutes.
  202         7. Enterprise Zone Program incentives established under ss.
  203  212.08(5), 212.08(15), 212.096, 220.181, and 220.182, Florida
  204  Statutes.
  205         (b) By January 1, 2015, and every 3 years thereafter, an
  206  analysis of the following:
  207         1. The entertainment industry financial incentive program
  208  established under s. 288.1254, Florida Statutes.
  209         2. The entertainment industry sales tax exemption program
  210  established under s. 288.1258, Florida Statutes.
  211         3. VISIT Florida and its programs established or funded
  212  under ss. 288.122, 288.1226, 288.12265, and 288.124, Florida
  213  Statutes.
  214         4. The Florida Sports Foundation and related programs
  215  established under ss. 288.1162, 288.11621, 288.1166, 288.1167,
  216  288.1168, 288.1169, and 288.1171, Florida Statutes.
  217         (c) By January 1, 2016, and every 3 years thereafter, an
  218  analysis of the following:
  219         1. The qualified defense contractor and space flight
  220  business tax refund program established under s. 288.1045,
  221  Florida Statutes.
  222         2. The tax exemption for semiconductor, defense, or space
  223  technology sales established under s. 212.08(5)(j), Florida
  224  Statutes.
  225         3. The Military Base Protection Program established under
  226  s. 288.980, Florida Statutes.
  227         4. The Manufacturing and Spaceport Investment Incentive
  228  Program established under s. 288.1083, Florida Statutes.
  229         5. The Quick Response Training Program established under s.
  230  288.047, Florida Statutes.
  231         6. The Incumbent Worker Training Program established under
  232  s. 445.003, Florida Statutes.
  233         7. International trade and business development programs
  234  established or funded under s. 288.826, Florida Statutes.
  235         (3) Pursuant to the schedule established in subsection (2),
  236  the Office of Economic and Demographic Research shall evaluate
  237  and determine the economic benefits, as defined in s. 288.005,
  238  Florida Statutes, of each program over the previous 3 years. The
  239  analysis must also evaluate the number of jobs created, the
  240  increase or decrease in personal income, and the impact on state
  241  gross domestic product from the direct, indirect, and induced
  242  effects of the state’s investment in each program over the
  243  previous 3 years.
  244         (a) For the purpose of evaluating tax credits, tax refunds,
  245  sales tax exemptions, cash grants, and similar programs, the
  246  Office of Economic and Demographic Research shall evaluate data
  247  only from those projects in which businesses received state
  248  funds during the evaluation period. Such projects may be fully
  249  completed, partially completed with future fund disbursal
  250  possible pending performance measures, or partially completed
  251  with no future fund disbursal possible as a result of a
  252  business’s inability to meet performance measures.
  253         (b) The analysis must use the model developed by the Office
  254  of Economic and Demographic Research, as required in s. 216.138,
  255  Florida Statutes, to evaluate each program. The office shall
  256  provide a written explanation of the key assumptions of the
  257  model and how it is used. If the office finds that another
  258  evaluation model is more appropriate to evaluate a program, it
  259  may use another model, but it must provide an explanation as to
  260  why the selected model was more appropriate.
  261         (4) Pursuant to the schedule established in subsection (2),
  262  OPPAGA shall evaluate each program over the previous 3 years for
  263  its effectiveness and value to the taxpayers of this state and
  264  include recommendations on each program for consideration by the
  265  Legislature. The analysis may include relevant economic
  266  development reports or analyses prepared by the Department of
  267  Economic Opportunity, Enterprise Florida, Inc., or local or
  268  regional economic development organizations; interviews with the
  269  parties involved; or any other relevant data.
  270         (5) The Office of Economic and Demographic Research and
  271  OPPAGA must be given access to all data necessary to complete
  272  the Economic Development Programs Evaluation, including any
  273  confidential data. The offices may collaborate on data
  274  collection and analysis.
  275         Section 2. Subsection (10) of section 20.60, Florida
  276  Statutes, is amended to read:
  277         20.60 Department of Economic Opportunity; creation; powers
  278  and duties.—
  279         (10) The department, with assistance from Enterprise
  280  Florida, Inc., shall, by November 1 January 1 of each year,
  281  submit an annual report to the Governor, the President of the
  282  Senate, and the Speaker of the House of Representatives on the
  283  condition of the business climate and economic development in
  284  the state.
  285         (a) The report must shall include the identification of
  286  problems and a prioritized list of recommendations.
  287         (b) The report must incorporate annual reports of other
  288  programs, including:
  289         1. The displaced homemaker program established under s.
  290  446.50.
  291         2. Information provided by the Department of Revenue under
  292  s. 290.014.
  293         3. Information provided by enterprise zone development
  294  agencies under s. 290.0056 and an analysis of the activities and
  295  accomplishments of each enterprise zone.
  296         4. The Economic Gardening Business Loan Pilot Program
  297  established under s. 288.1081 and the Economic Gardening
  298  Technical Assistance Pilot Program established under s.
  299  288.1082.
  300         5. A detailed report of the performance of the Black
  301  Business Loan Program and a cumulative summary of quarterly
  302  report data required under s. 288.714.
  303         6. The Rural Economic Development Initiative established
  304  under s. 288.0656.
  305         Section 3. Paragraph (o) of subsection (5) of section
  306  212.08, Florida Statutes, is amended to read:
  307         212.08 Sales, rental, use, consumption, distribution, and
  308  storage tax; specified exemptions.—The sale at retail, the
  309  rental, the use, the consumption, the distribution, and the
  310  storage to be used or consumed in this state of the following
  311  are hereby specifically exempt from the tax imposed by this
  312  chapter.
  313         (5) EXEMPTIONS; ACCOUNT OF USE.—
  314         (o) Building materials in redevelopment projects.—
  315         1. As used in this paragraph, the term:
  316         a. “Building materials” means tangible personal property
  317  that becomes a component part of a housing project or a mixed
  318  use project.
  319         b. “Housing project” means the conversion of an existing
  320  manufacturing or industrial building to a housing unit which is
  321  units in an urban high-crime area, an enterprise zone, an
  322  empowerment zone, a Front Porch Community, a designated
  323  brownfield site for which a rehabilitation agreement with the
  324  Department of Environmental Protection or a local government
  325  delegated by the Department of Environmental Protection has been
  326  executed under s. 376.80 and any abutting real property parcel
  327  within a brownfield area, or an urban infill area; and in which
  328  the developer agrees to set aside at least 20 percent of the
  329  housing units in the project for low-income and moderate-income
  330  persons or the construction in a designated brownfield area of
  331  affordable housing for persons described in s. 420.0004(9),
  332  (11), (12), or (17) or in s. 159.603(7).
  333         c. “Mixed-use project” means the conversion of an existing
  334  manufacturing or industrial building to mixed-use units that
  335  include artists’ studios, art and entertainment services, or
  336  other compatible uses. A mixed-use project must be located in an
  337  urban high-crime area, an enterprise zone, an empowerment zone,
  338  a Front Porch Community, a designated brownfield site for which
  339  a rehabilitation agreement with the Department of Environmental
  340  Protection or a local government delegated by the Department of
  341  Environmental Protection has been executed under s. 376.80 and
  342  any abutting real property parcel within a brownfield area, or
  343  an urban infill area;, and the developer must agree to set aside
  344  at least 20 percent of the square footage of the project for
  345  low-income and moderate-income housing.
  346         d. “Substantially completed” has the same meaning as
  347  provided in s. 192.042(1).
  348         2. Building materials used in the construction of a housing
  349  project or mixed-use project are exempt from the tax imposed by
  350  this chapter upon an affirmative showing to the satisfaction of
  351  the department that the requirements of this paragraph have been
  352  met. This exemption inures to the owner through a refund of
  353  previously paid taxes. To receive this refund, the owner must
  354  file an application under oath with the department which
  355  includes:
  356         a. The name and address of the owner.
  357         b. The address and assessment roll parcel number of the
  358  project for which a refund is sought.
  359         c. A copy of the building permit issued for the project.
  360         d. A certification by the local building code inspector
  361  that the project is substantially completed.
  362         e. A sworn statement, under penalty of perjury, from the
  363  general contractor licensed in this state with whom the owner
  364  contracted to construct the project, which statement lists the
  365  building materials used in the construction of the project and
  366  the actual cost thereof, and the amount of sales tax paid on
  367  these materials. If a general contractor was not used, the owner
  368  shall provide this information in a sworn statement, under
  369  penalty of perjury. Copies of invoices evidencing payment of
  370  sales tax must be attached to the sworn statement.
  371         3. An application for a refund under this paragraph must be
  372  submitted to the department within 6 months after the date the
  373  project is deemed to be substantially completed by the local
  374  building code inspector. Within 30 working days after receipt of
  375  the application, the department shall determine if it meets the
  376  requirements of this paragraph. A refund approved pursuant to
  377  this paragraph shall be made within 30 days after formal
  378  approval of the application by the department.
  379         4. The department shall establish by rule an application
  380  form and criteria for establishing eligibility for exemption
  381  under this paragraph.
  382         5. The exemption shall apply to purchases of materials on
  383  or after July 1, 2000.
  384         Section 4. The amendments to sections 212.08 and 288.107,
  385  Florida Statutes, made by this act do not apply to building
  386  materials purchased before the effective date of this act or to
  387  contracts for brownfield redevelopment bonus refunds executed by
  388  the Department of Economic Opportunity or Enterprise Florida,
  389  Inc., before the effective date of this act.
  390         Section 5. Paragraph (bb) is added to subsection (8) of
  391  section 213.053, Florida Statutes, to read:
  392         213.053 Confidentiality and information sharing.—
  393         (8) Notwithstanding any other provision of this section,
  394  the department may provide:
  395         (bb) Information to the director of the Office of Program
  396  Policy Analysis and Government Accountability or his or her
  397  authorized agent, and to the coordinator of the Office of
  398  Economic and Demographic Research or his or her authorized
  399  agent, for purposes of completing the Economic Development
  400  Programs Evaluation. Information obtained from the department
  401  pursuant to this paragraph may be shared by the director and the
  402  coordinator, or the director’s or coordinator’s authorized
  403  agent, for purposes of completing the Economic Development
  404  Programs Evaluation.
  405  
  406  Disclosure of information under this subsection shall be
  407  pursuant to a written agreement between the executive director
  408  and the agency. Such agencies, governmental or nongovernmental,
  409  shall be bound by the same requirements of confidentiality as
  410  the Department of Revenue. Breach of confidentiality is a
  411  misdemeanor of the first degree, punishable as provided by s.
  412  775.082 or s. 775.083.
  413         Section 6. Subsection (9) of section 220.194, Florida
  414  Statutes, is amended to read:
  415         220.194 Corporate income tax credits for spaceflight
  416  projects.—
  417         (9) ANNUAL REPORT.—Beginning in 2014, the Department of
  418  Economic Opportunity, in cooperation with Space Florida and the
  419  department, shall include in the submit an annual incentives
  420  report required under s. 288.907 a summary of summarizing
  421  activities relating to the Florida Space Business Incentives Act
  422  established under this section to the Governor, the President of
  423  the Senate, and the Speaker of the House of Representatives by
  424  each November 30.
  425         Section 7. Subsection (4) is added to section 288.005,
  426  Florida Statutes, to read:
  427         288.005 Definitions.—As used in this chapter, the term:
  428         (4) “Jobs” means full-time equivalent positions, including,
  429  but not limited to, positions obtained from a temporary
  430  employment agency or employee leasing company or through a union
  431  agreement or coemployment under a professional employer
  432  organization agreement, which result directly from a project in
  433  this state. This number does not include temporary construction
  434  jobs involved with the construction of facilities for the
  435  project.
  436         Section 8. Subsection (3) of section 288.012, Florida
  437  Statutes, is amended to read:
  438         288.012 State of Florida international offices; state
  439  protocol officer; protocol manual.—The Legislature finds that
  440  the expansion of international trade and tourism is vital to the
  441  overall health and growth of the economy of this state. This
  442  expansion is hampered by the lack of technical and business
  443  assistance, financial assistance, and information services for
  444  businesses in this state. The Legislature finds that these
  445  businesses could be assisted by providing these services at
  446  State of Florida international offices. The Legislature further
  447  finds that the accessibility and provision of services at these
  448  offices can be enhanced through cooperative agreements or
  449  strategic alliances between private businesses and state, local,
  450  and international governmental entities.
  451         (3) By October 1 of each year, Each international office
  452  shall submit to Enterprise Florida, Inc., the department a
  453  complete and detailed report on its activities and
  454  accomplishments during the preceding fiscal year for inclusion
  455  in the annual report required under s. 288.906. In a format
  456  provided by Enterprise Florida, Inc., the report must set forth
  457  information on:
  458         (a) The number of Florida companies assisted.
  459         (b) The number of inquiries received about investment
  460  opportunities in this state.
  461         (c) The number of trade leads generated.
  462         (d) The number of investment projects announced.
  463         (e) The estimated U.S. dollar value of sales confirmations.
  464         (f) The number of representation agreements.
  465         (g) The number of company consultations.
  466         (h) Barriers or other issues affecting the effective
  467  operation of the office.
  468         (i) Changes in office operations which are planned for the
  469  current fiscal year.
  470         (j) Marketing activities conducted.
  471         (k) Strategic alliances formed with organizations in the
  472  country in which the office is located.
  473         (l) Activities conducted with Florida’s other international
  474  offices.
  475         (m) Any other information that the office believes would
  476  contribute to an understanding of its activities.
  477         Section 9. Present subsections (2) and (3) of section
  478  288.061, Florida Statutes, are renumbered as subsections (3) and
  479  (4), respectively, and a new subsection (2) and subsection (5)
  480  are added to that section, to read:
  481         288.061 Economic development incentive application
  482  process.—
  483         (2) Beginning July 1, 2013, the department shall review and
  484  evaluate each economic development incentive application for the
  485  economic benefits of the proposed award of state incentives
  486  proposed for the project. The term “economic benefits” has the
  487  same meaning as in s. 288.005. The Office of Economic and
  488  Demographic Research shall review and evaluate the methodology
  489  and model used to calculate the economic benefits. For purposes
  490  of this requirement, an amended definition of economic benefits
  491  may be developed in conjunction with the Office of Economic and
  492  Demographic Research. The Office of Economic and Demographic
  493  Research shall report on the methodology and model by September
  494  1, 2013, and every third year thereafter, to the President of
  495  the Senate and the Speaker of the House of Representatives.
  496         (5)(a) The executive director may not approve an economic
  497  development incentive application unless the application
  498  includes a signed written declaration by the applicant which
  499  states that the applicant has read the information in the
  500  application and that the information is true, correct, and
  501  complete to the best of the applicant’s knowledge and belief.
  502         (b) After an economic development incentive application is
  503  approved, the awardee shall provide, in each year that the
  504  department is required to validate contractor performance, a
  505  signed written declaration. The written declaration must state
  506  that the awardee has reviewed the information and that the
  507  information is true, correct, and complete to the best of the
  508  awardee’s knowledge and belief.
  509         Section 10. Subsection (8) of section 288.0656, Florida
  510  Statutes, is amended to read:
  511         288.0656 Rural Economic Development Initiative.—
  512         (8) REDI shall submit a report to the Governor, the
  513  President of the Senate, and the Speaker of the House of
  514  Representatives each year on or before September 1 on all REDI
  515  activities for the prior fiscal year as a supplement to the
  516  annual report required under s. 20.60. This report must shall
  517  include a status report on all projects currently being
  518  coordinated through REDI, the number of preferential awards and
  519  allowances made pursuant to this section, the dollar amount of
  520  such awards, and the names of the recipients. The report must
  521  shall also include a description of all waivers of program
  522  requirements granted. The report must shall also include
  523  information as to the economic impact of the projects
  524  coordinated by REDI, and recommendations based on the review and
  525  evaluation of statutes and rules having an adverse impact on
  526  rural communities, and proposals to mitigate such adverse
  527  impacts.
  528         Section 11. Section 288.076, Florida Statutes, is created
  529  to read:
  530         288.076Return on investment reporting for economic
  531  development programs.—
  532         (1) As used in this section, the term:
  533         (a) “Jobs” has the same meaning as provided in s. 288.106.
  534         (b) “Participant business” means an employing unit, as
  535  defined in s. 443.036, that has entered into an agreement with
  536  the department to receive a state investment.
  537         (c) “Project” has the same meaning as provided in s.
  538  288.106.
  539         (d) “Project award date” means the date a participant
  540  business enters into an agreement with the department to receive
  541  a state investment.
  542         (e) “State investment” means any state grants, tax
  543  exemptions, tax refunds, tax credits, or other state incentives
  544  provided to a business under a program administered by the
  545  department, including the capital investment tax credit under s.
  546  220.191.
  547         (2) The department shall maintain a website for the purpose
  548  of publishing the information described in this section. The
  549  information required to be published under this section must be
  550  provided in a format accessible to the public which enables
  551  users to search for and sort specific data and to easily view
  552  and retrieve all data at once.
  553         (3) Within 48 hours after expiration of the period of
  554  confidentiality for project information deemed confidential and
  555  exempt pursuant to s. 288.075, the department shall publish the
  556  following information pertaining to each project:
  557         (a) Projected economic benefits.—The projected economic
  558  benefits at the time of the initial project award date.
  559         (b) Project information.—
  560         1. The program or programs through which state investment
  561  is being made.
  562         2. The maximum potential cumulative state investment in the
  563  project.
  564         3. The target industry or industries, and any high impact
  565  sectors implicated by the project.
  566         4. The county or counties that will be impacted by the
  567  project.
  568         5. The total cumulative local financial commitment and in
  569  kind support for the project.
  570         (c) Participant business information.—
  571         1. The location of the headquarters of the participant
  572  business or, if a subsidiary, the headquarters of the parent
  573  company.
  574         2. The firm size class of the participant business, or
  575  where owned by a parent company the firm size class of the
  576  participant business’s parent company, using the firm size
  577  classes established by the United States Department of Labor
  578  Bureau of Labor Statistics, and whether the participant business
  579  qualifies as a small business as defined in s. 288.703.
  580         3. The date of the project award.
  581         4. The expected duration of the contract.
  582         5. The anticipated dates when the participant business will
  583  claim the last state investment.
  584         (d) Project evaluation criteria.—
  585         1. Economic benefits generated by the project.
  586         2. The net indirect and induced incremental jobs to be
  587  generated by the project.
  588         3. The net indirect and induced incremental capital
  589  investment to be generated by the project.
  590         4. The net indirect and induced incremental tax revenue
  591  paid to the state to be generated by the project.
  592         (e) Project performance goals.—
  593         1. The incremental direct jobs attributable to the project,
  594  identifying the number of jobs generated and the number of jobs
  595  retained.
  596         2. The number of jobs generated and the number of jobs
  597  retained by the project, and for projects commencing after
  598  October 1, 2013, the median annual wage of persons holding such
  599  jobs.
  600         3. The incremental direct capital investment in the state
  601  generated by the project.
  602         4. The incremental projected tax revenue to the state paid
  603  by the participant business for the project.
  604         (f) Total state investment to date.—The total amount of
  605  state investment disbursed to the participant business to date
  606  under the terms of the contract, itemized by incentive program.
  607         (4) The department shall use methodology and formulas
  608  established by the Office of Economic and Demographic Research
  609  to calculate the economic benefits of each project. The
  610  department shall calculate and publish on its website the
  611  economic benefits of each project within 48 hours after the
  612  conclusion of the agreement between each participant business
  613  and the department. The Office of Economic and Demographic
  614  Research shall provide a description of the methodology and
  615  formulas used to calculate the economic benefits of a project to
  616  the department, and the department must publish the information
  617  on its website within 48 hours after receiving such information.
  618         (5) At least annually, from the project award date, the
  619  department shall:
  620         (a) Publish verified results to update the information
  621  described in paragraphs (3)(b)-(f) to accurately reflect any
  622  changes in the published information since the project award
  623  date.
  624         (b) Publish on its website the date on which the
  625  information collected and published for each project was last
  626  updated.
  627         (6) Annually, the department shall publish information
  628  relating to the progress of Quick Action Closing Fund projects,
  629  including the average number of days between the date the
  630  department receives a completed application and the date on
  631  which the application is approved.
  632         (7) The department shall publish the following documents at
  633  the times specified herein:
  634         (a) Within 48 hours after expiration of the period of
  635  confidentiality provided under s. 288.075, the department shall
  636  publish the contract or agreement described in s. 288.061. The
  637  contract or agreement must be redacted to protect the
  638  participant business from disclosure of information that remains
  639  confidential or exempt by law.
  640         (b) Within 48 hours after submitting any report of findings
  641  and recommendations made pursuant to s. 288.106(7)(d) concerning
  642  a business’s failure to complete a tax refund agreement pursuant
  643  to the tax refund program for qualified target industry
  644  businesses, the department shall publish such report.
  645         (8) For projects completed before October 1, 2013, the
  646  department shall compile and, by October 1, 2014, shall publish
  647  the information described in subsections (3), (4), and (5), to
  648  the extent such information is available and applicable.
  649         (9) The provisions of this section that restrict the
  650  department’s publication of information are intended only to
  651  limit the information that the department may publish on its
  652  website and shall not be construed to create an exemption from
  653  public records requirements under s. 119.07(1) or s. 24(a), Art.
  654  I of the State Constitution.
  655         (10) The department may adopt rules to administer this
  656  section.
  657         Section 12. Paragraph (c) of subsection (3) of section
  658  288.095, Florida Statutes, is repealed.
  659         Section 13. Paragraph (c) of subsection (4) and paragraph
  660  (d) of subsection (7) of section 288.106, Florida Statutes, are
  661  amended to read:
  662         288.106 Tax refund program for qualified target industry
  663  businesses.—
  664         (4) APPLICATION AND APPROVAL PROCESS.—
  665         (c) Each application meeting the requirements of paragraph
  666  (b) must be submitted to the department for determination of
  667  eligibility. The department shall review and evaluate each
  668  application based on, but not limited to, the following
  669  criteria:
  670         1. Expected contributions to the state’s economy,
  671  consistent with the state strategic economic development plan
  672  prepared by the department.
  673         2. The economic benefits of the proposed award of tax
  674  refunds under this section and the economic benefits of state
  675  incentives proposed for the project. The term “economic
  676  benefits” has the same meaning as in s. 288.005. The Office of
  677  Economic and Demographic Research shall review and evaluate the
  678  methodology and model used to calculate the economic benefits
  679  and shall report its findings by September 1 of every 3rd year,
  680  to the President of the Senate and the Speaker of the House of
  681  Representatives.
  682         3. The amount of capital investment to be made by the
  683  applicant in this state.
  684         4. The local financial commitment and support for the
  685  project.
  686         5. The expected effect of the project on the unemployed and
  687  underemployed unemployment rate in the county where the project
  688  will be located.
  689         6. The expected effect of the award on the viability of the
  690  project and the probability that the project would be undertaken
  691  in this state if such tax refunds are granted to the applicant.
  692         7. The expected long-term commitment of the applicant to
  693  economic growth and employment in this state resulting from the
  694  project.
  695         7.8. A review of the business’s past activities in this
  696  state or other states, including whether the such business has
  697  been subjected to criminal or civil fines and penalties and
  698  whether the business received economic development incentives in
  699  other states and the results of such incentive agreements. This
  700  subparagraph does not require the disclosure of confidential
  701  information.
  702         (7) ADMINISTRATION.—
  703         (d) Beginning with tax refund agreements signed after July
  704  1, 2010, the department shall attempt to ascertain the causes
  705  for any business’s failure to complete its agreement and shall
  706  report its findings and recommendations must be included in the
  707  annual incentives report under s. 288.907 to the Governor, the
  708  President of the Senate, and the Speaker of the House of
  709  Representatives. The report shall be submitted by December 1 of
  710  each year beginning in 2011.
  711         Section 14. Paragraphs (c) and (d) of subsection (1),
  712  subsections (2) and (3), and paragraphs (a), (b), and (f) of
  713  subsection (4) of section 288.107, Florida Statutes, are amended
  714  to read:
  715         288.107 Brownfield redevelopment bonus refunds.—
  716         (1) DEFINITIONS.—As used in this section:
  717         (c) “Brownfield area eligible for bonus refunds” means a
  718  brownfield site for which a rehabilitation agreement with the
  719  Department of Environmental Protection or a local government
  720  delegated by the Department of Environmental Protection has been
  721  executed under s. 376.80 and any abutting real property parcel
  722  within a brownfield contiguous area of one or more brownfield
  723  sites, some of which may not be contaminated, and which has been
  724  designated by a local government by resolution under s. 376.80.
  725  Such areas may include all or portions of community
  726  redevelopment areas, enterprise zones, empowerment zones, other
  727  such designated economically deprived communities and areas, and
  728  Environmental-Protection-Agency-designated brownfield pilot
  729  projects.
  730         (d) “Eligible business” means:
  731         1. A qualified target industry business as defined in s.
  732  288.106(2); or
  733         2. A business that can demonstrate a fixed capital
  734  investment of at least $2 million in mixed-use business
  735  activities, including multiunit housing, commercial, retail, and
  736  industrial in brownfield areas eligible for bonus refunds, or at
  737  least $500,000 in brownfield areas that do not require site
  738  cleanup, and that provides benefits to its employees.
  739         (2) BROWNFIELD REDEVELOPMENT BONUS REFUND.—Bonus refunds
  740  shall be approved by the department as specified in the final
  741  order and allowed from the account as follows:
  742         (a) A bonus refund of $2,500 shall be allowed to any
  743  qualified target industry business as defined in s. 288.106 for
  744  each new Florida job created in a brownfield area eligible for
  745  bonus refunds which that is claimed on the qualified target
  746  industry business’s annual refund claim authorized in s.
  747  288.106(6).
  748         (b) A bonus refund of up to $2,500 shall be allowed to any
  749  other eligible business as defined in subparagraph (1)(d)2. for
  750  each new Florida job created in a brownfield area eligible for
  751  bonus refunds which that is claimed under an annual claim
  752  procedure similar to the annual refund claim authorized in s.
  753  288.106(6). The amount of the refund shall be equal to 20
  754  percent of the average annual wage for the jobs created.
  755         (3) CRITERIA.—The minimum criteria for participation in the
  756  brownfield redevelopment bonus refund are:
  757         (a) The creation of at least 10 new full-time permanent
  758  jobs. Such jobs shall not include construction or site
  759  rehabilitation jobs associated with the implementation of a
  760  brownfield site agreement as described in s. 376.80(5).
  761         (b) The completion of a fixed capital investment of at
  762  least $2 million in mixed-use business activities, including
  763  multiunit housing, commercial, retail, and industrial in
  764  brownfield areas eligible for bonus refunds, or at least
  765  $500,000 in brownfield areas that do not require site cleanup,
  766  by an eligible business applying for a refund under paragraph
  767  (2)(b) which provides benefits to its employees.
  768         (c) That the designation as a brownfield will diversify and
  769  strengthen the economy of the area surrounding the site.
  770         (d) That the designation as a brownfield will promote
  771  capital investment in the area beyond that contemplated for the
  772  rehabilitation of the site.
  773         (e) A resolution adopted by the governing board of the
  774  county or municipality in which the project will be located that
  775  recommends that certain types of businesses be approved.
  776         (4) PAYMENT OF BROWNFIELD REDEVELOPMENT BONUS REFUNDS.—
  777         (a) To be eligible to receive a bonus refund for new
  778  Florida jobs created in a brownfield area eligible for bonus
  779  refunds, a business must have been certified as a qualified
  780  target industry business under s. 288.106 or eligible business
  781  as defined in paragraph (1)(d) and must have indicated on the
  782  qualified target industry business tax refund application form
  783  submitted in accordance with s. 288.106(4) or other similar
  784  agreement for other eligible business as defined in paragraph
  785  (1)(d) that the project for which the application is submitted
  786  is or will be located in a brownfield area eligible for bonus
  787  refunds and that the business is applying for certification as a
  788  qualified brownfield business under this section, and must have
  789  signed a qualified target industry business tax refund agreement
  790  with the department that indicates that the business has been
  791  certified as a qualified target industry business located in a
  792  brownfield area eligible for bonus refunds and specifies the
  793  schedule of brownfield redevelopment bonus refunds that the
  794  business may be eligible to receive in each fiscal year.
  795         (b) To be considered to receive an eligible brownfield
  796  redevelopment bonus refund payment, the business meeting the
  797  requirements of paragraph (a) must submit a claim once each
  798  fiscal year on a claim form approved by the department which
  799  indicates the location of the brownfield site for which a
  800  rehabilitation agreement with the Department of Environmental
  801  Protection or a local government delegated by the Department of
  802  Environmental Protection has been executed under s. 376.80, the
  803  address of the business facility’s brownfield location, the name
  804  of the brownfield in which it is located, the number of jobs
  805  created, and the average wage of the jobs created by the
  806  business within the brownfield as defined in s. 288.106 or other
  807  eligible business as defined in paragraph (1)(d) and the
  808  administrative rules and policies for that section.
  809         (f) Applications shall be reviewed and certified pursuant
  810  to s. 288.061. The department shall review all applications
  811  submitted under s. 288.106 or other similar application forms
  812  for other eligible businesses as defined in paragraph (1)(d)
  813  which indicate that the proposed project will be located in a
  814  brownfield area eligible for bonus refunds and determine, with
  815  the assistance of the Department of Environmental Protection,
  816  that the project location is within a brownfield area eligible
  817  for bonus refunds as provided in this act.
  818         Section 15. Subsection (8) of section 288.1081, Florida
  819  Statutes, is amended to read:
  820         288.1081 Economic Gardening Business Loan Pilot Program.—
  821         (8) The annual report required under s. 20.60 must describe
  822  On June 30 and December 31 of each year, the department shall
  823  submit a report to the Governor, the President of the Senate,
  824  and the Speaker of the House of Representatives which describes
  825  in detail the use of the loan funds. The report must include, at
  826  a minimum, the number of businesses receiving loans, the number
  827  of full-time equivalent jobs created as a result of the loans,
  828  the amount of wages paid to employees in the newly created jobs,
  829  the locations and types of economic activity undertaken by the
  830  borrowers, the amounts of loan repayments made to date, and the
  831  default rate of borrowers.
  832         Section 16. Subsection (8) of section 288.1082, Florida
  833  Statutes, is amended to read:
  834         288.1082 Economic Gardening Technical Assistance Pilot
  835  Program.—
  836         (8) The annual report required under s. 20.60 must describe
  837  On December 31 of each year, the department shall submit a
  838  report to the Governor, the President of the Senate, and the
  839  Speaker of the House of Representatives which describes in
  840  detail the progress of the pilot program. The report must
  841  include, at a minimum, the number of businesses receiving
  842  assistance, the number of full-time equivalent jobs created as a
  843  result of the assistance, if any, the amount of wages paid to
  844  employees in the newly created jobs, and the locations and types
  845  of economic activity undertaken by the businesses.
  846         Section 17. Paragraph (e) of subsection (3) of section
  847  288.1088, Florida Statutes, is amended to read:
  848         288.1088 Quick Action Closing Fund.—
  849         (3)
  850         (e) The department Enterprise Florida, Inc., shall validate
  851  contractor performance. Such validation shall be reported in the
  852  annual incentives report required under s. 288.907 within 6
  853  months after completion of the contract to the Governor,
  854  President of the Senate, and the Speaker of the House of
  855  Representatives.
  856         Section 18. Paragraphs (b) and (d) of subsection (4), and
  857  subsections (9) and (11) of section 288.1089, Florida Statutes,
  858  are amended to read:
  859         288.1089 Innovation Incentive Program.—
  860         (4) To qualify for review by the department, the applicant
  861  must, at a minimum, establish the following to the satisfaction
  862  of the department:
  863         (b) A research and development project must:
  864         1. Serve as a catalyst for an emerging or evolving
  865  technology cluster.
  866         2. Demonstrate a plan for significant higher education
  867  collaboration.
  868         3. Provide the state, at a minimum, a cumulative break-even
  869  economic benefit return on investment within a 20-year period.
  870         4. Be provided with a one-to-one match from the local
  871  community. The match requirement may be reduced or waived in
  872  rural areas of critical economic concern or reduced in rural
  873  areas, brownfield areas, and enterprise zones.
  874         (d) For an alternative and renewable energy project in this
  875  state, the project must:
  876         1. Demonstrate a plan for significant collaboration with an
  877  institution of higher education;
  878         2. Provide the state, at a minimum, a cumulative break-even
  879  economic benefit return on investment within a 20-year period;
  880         3. Include matching funds provided by the applicant or
  881  other available sources. The match requirement may be reduced or
  882  waived in rural areas of critical economic concern or reduced in
  883  rural areas, brownfield areas, and enterprise zones;
  884         4. Be located in this state; and
  885         5. Provide at least 35 direct, new jobs that pay an
  886  estimated annual average wage that equals at least 130 percent
  887  of the average private sector wage.
  888         (9) The department shall validate the performance of an
  889  innovation business, a research and development facility, or an
  890  alternative and renewable energy business that has received an
  891  award. At the conclusion of the innovation incentive award
  892  agreement, or its earlier termination, the department shall,
  893  within 90 days, submit, as part of the annual incentives report
  894  required under s. 288.907, a report to the Governor, the
  895  President of the Senate, and the Speaker of the House of
  896  Representatives detailing whether the recipient of the
  897  innovation incentive grant achieved its specified outcomes.
  898         (11)(a) The department shall submit to the Governor, the
  899  President of the Senate, and the Speaker of the House of
  900  Representatives, as part of the annual incentives report
  901  required under s. 288.907, a report summarizing the activities
  902  and accomplishments of the recipients of grants from the
  903  Innovation Incentive Program during the previous 12 months and
  904  an evaluation of whether the recipients are catalysts for
  905  additional direct and indirect economic development in Florida.
  906         (b) Beginning March 1, 2010, and every third year
  907  thereafter, the Office of Program Policy Analysis and Government
  908  Accountability, in consultation with the Auditor General’s
  909  Office, shall release a report evaluating the Innovation
  910  Incentive Program’s progress toward creating clusters of high
  911  wage, high-skilled, complementary industries that serve as
  912  catalysts for economic growth specifically in the regions in
  913  which they are located, and generally for the state as a whole.
  914  Such report should include critical analyses of quarterly and
  915  annual reports, annual audits, and other documents prepared by
  916  the Innovation Incentive Program awardees; relevant economic
  917  development reports prepared by the department, Enterprise
  918  Florida, Inc., and local or regional economic development
  919  organizations; interviews with the parties involved; and any
  920  other relevant data. Such report should also include legislative
  921  recommendations, if necessary, on how to improve the Innovation
  922  Incentive Program so that the program reaches its anticipated
  923  potential as a catalyst for direct and indirect economic
  924  development in this state.
  925         Section 19. Subsection (3) of section 288.1253, Florida
  926  Statutes, is amended to read:
  927         288.1253 Travel and entertainment expenses.—
  928         (3) The department shall prepare an annual report of the
  929  expenditures of the previous fiscal year of the Office of Film
  930  and Entertainment and provide such report to the Legislature on
  931  November 1 no later than December 30 of each year as part of the
  932  report required under s. 288.1254(10) for the expenditures of
  933  the previous fiscal year. The report shall consist of a summary
  934  of all travel, entertainment, and incidental expenses incurred
  935  within the United States and all travel, entertainment, and
  936  incidental expenses incurred outside the United States, as well
  937  as a summary of all successful projects that developed from such
  938  travel.
  939         Section 20. Subsection (10) of section 288.1254, Florida
  940  Statutes, is amended to read:
  941         288.1254 Entertainment industry financial incentive
  942  program.—
  943         (10) ANNUAL REPORT.—Each November 1 October 1, the Office
  944  of Film and Entertainment shall provide an annual report for the
  945  previous fiscal year to the Governor, the President of the
  946  Senate, and the Speaker of the House of Representatives which
  947  outlines the return on investment and economic benefits to the
  948  state. The report must shall also include an estimate of the
  949  full-time equivalent positions created by each production that
  950  received tax credits under this section and information relating
  951  to the distribution of productions receiving credits by
  952  geographic region and type of production. The report must also
  953  include the expenditures report required under s. 288.1253(3)
  954  and the report detailing the relationship between tax exemptions
  955  and incentives to industry growth required under s. 288.1258(5).
  956         Section 21. Subsection (5) of section 288.1258, Florida
  957  Statutes, is amended to read:
  958         288.1258 Entertainment industry qualified production
  959  companies; application procedure; categories; duties of the
  960  Department of Revenue; records and reports.—
  961         (5) RELATIONSHIP OF TAX EXEMPTIONS AND INCENTIVES TO
  962  INDUSTRY GROWTH; REPORT TO THE LEGISLATURE.—The Office of Film
  963  and Entertainment shall keep annual records from the information
  964  provided on taxpayer applications for tax exemption certificates
  965  beginning January 1, 2001. These records also must shall reflect
  966  a ratio of the annual amount of sales and use tax exemptions
  967  under this section, plus the incentives awarded pursuant to s.
  968  288.1254 to the estimated amount of funds expended by certified
  969  productions. In addition, the office shall maintain data showing
  970  annual growth in Florida-based entertainment industry companies
  971  and entertainment industry employment and wages. The employment
  972  information must shall include an estimate of the full-time
  973  equivalent positions created by each production that received
  974  tax credits pursuant to s. 288.1254. The Office of Film and
  975  Entertainment shall report this information to the Legislature
  976  no later than November 1 December 1 of each year as part of the
  977  report required under s. 288.1254(10).
  978         Section 22. Subsection (3) of section 288.714, Florida
  979  Statutes, is amended to read:
  980         288.714 Quarterly and annual reports.—
  981         (3) The annual review and report required under s. 20.60
  982  must include By August 31 of each year, the department shall
  983  provide to the Governor, the President of the Senate, and the
  984  Speaker of the House of Representatives a detailed report of the
  985  performance of the Black Business Loan Program. The report must
  986  include a cumulative summary of quarterly report data required
  987  by subsection (1).
  988         Section 23. Section 288.7771, Florida Statutes, is amended
  989  to read:
  990         288.7771 Annual report of Florida Export Finance
  991  Corporation.—The corporation shall annually prepare and submit
  992  to Enterprise Florida, Inc., the department for inclusion in its
  993  annual report required by s. 288.906, s. 288.095 a complete and
  994  detailed report setting forth:
  995         (1) The report required in s. 288.776(3).
  996         (2) Its assets and liabilities at the end of its most
  997  recent fiscal year.
  998         Section 24. Section 288.903, Florida Statutes, is amended
  999  to read:
 1000         288.903 Duties of Enterprise Florida, Inc.—Enterprise
 1001  Florida, Inc., shall have the following duties:
 1002         (1) Responsibly and prudently manage all public and private
 1003  funds received, and ensure that the use of such funds is in
 1004  accordance with all applicable laws, bylaws, or contractual
 1005  requirements.
 1006         (2) Administer the entities or programs created pursuant to
 1007  part IX of this chapter; ss. 288.9622-288.9624; ss. 288.95155
 1008  and 288.9519; and chapter 95-429, Laws of Florida, line 1680Y.
 1009         (3) Prepare an annual report pursuant to s. 288.906.
 1010         (4) Prepare, in conjunction with the department, and an
 1011  annual incentives report pursuant to s. 288.907.
 1012         (5)(4) Assist the department with the development of an
 1013  annual and a long-range strategic business blueprint for
 1014  economic development required in s. 20.60.
 1015         (6)(5) In coordination with Workforce Florida, Inc.,
 1016  identify education and training programs that will ensure
 1017  Florida businesses have access to a skilled and competent
 1018  workforce necessary to compete successfully in the domestic and
 1019  global marketplace.
 1020         Section 25. Subsection (6) of section 288.904, Florida
 1021  Statutes, is repealed.
 1022         Section 26. Subsection (3) is added to section 288.906,
 1023  Florida Statutes, to read:
 1024         288.906 Annual report of Enterprise Florida, Inc., and its
 1025  divisions; audits.—
 1026         (3) The following reports must be included as supplements
 1027  to the detailed report required by this section:
 1028         (a)The annual report of the Florida Export Finance
 1029  Corporation required under s. 288.7771.
 1030         (b)The report on international offices required under s.
 1031  288.012.
 1032         Section 27. Section 288.907, Florida Statutes, is amended
 1033  to read:
 1034         288.907 Annual incentives report.—
 1035         (1)By December 30 of each year, In addition to the annual
 1036  report required under s. 288.906, Enterprise Florida, Inc., in
 1037  conjunction with the department, by December 30 of each year,
 1038  shall provide the Governor, the President of the Senate, and the
 1039  Speaker of the House of Representatives a detailed incentives
 1040  report quantifying the economic benefits for all of the economic
 1041  development incentive programs marketed by Enterprise Florida,
 1042  Inc.
 1043         (a) The annual incentives report must include:
 1044         (1) For each incentive program:
 1045         (a)1. A brief description of the incentive program.
 1046         (b)2. The amount of awards granted, by year, since
 1047  inception and the annual amount actually transferred from the
 1048  state treasury to businesses or for the benefit of businesses
 1049  for each of the previous 3 years.
 1050         3. The economic benefits, as defined in s. 288.005, based
 1051  on the actual amount of private capital invested, actual number
 1052  of jobs created, and actual wages paid for incentive agreements
 1053  completed during the previous 3 years.
 1054         (c)4.The report shall also include The actual amount of
 1055  private capital invested, actual number of jobs created, and
 1056  actual wages paid for incentive agreements completed during the
 1057  previous 3 years for each target industry sector.
 1058         (2)(b) For projects completed during the previous state
 1059  fiscal year, the report must include:
 1060         (a)1. The number of economic development incentive
 1061  applications received.
 1062         (b)2. The number of recommendations made to the department
 1063  by Enterprise Florida, Inc., including the number recommended
 1064  for approval and the number recommended for denial.
 1065         (c)3. The number of final decisions issued by the
 1066  department for approval and for denial.
 1067         (d)4. The projects for which a tax refund, tax credit, or
 1068  cash grant agreement was executed, identifying for each project:
 1069         1.a. The number of jobs committed to be created.
 1070         2.b. The amount of capital investments committed to be
 1071  made.
 1072         3.c. The annual average wage committed to be paid.
 1073         4.d. The amount of state economic development incentives
 1074  committed to the project from each incentive program under the
 1075  project’s terms of agreement with the Department of Economic
 1076  Opportunity.
 1077         5.e. The amount and type of local matching funds committed
 1078  to the project.
 1079         (e) Tax refunds paid or other payments made funded out of
 1080  the Economic Development Incentives Account for each project.
 1081         (f) The types of projects supported.
 1082         (3)(c) For economic development projects that received tax
 1083  refunds, tax credits, or cash grants under the terms of an
 1084  agreement for incentives, the report must identify:
 1085         (a)1. The number of jobs actually created.
 1086         (b)2. The amount of capital investments actually made.
 1087         (c)3. The annual average wage paid.
 1088         (4)(d) For a project receiving economic development
 1089  incentives approved by the department and receiving federal or
 1090  local incentives, the report must include a description of the
 1091  federal or local incentives, if available.
 1092         (5)(e) The report must state the number of withdrawn or
 1093  terminated projects that did not fulfill the terms of their
 1094  agreements with the department and, consequently, are not
 1095  receiving incentives.
 1096         (6) For any agreements signed after July 1, 2010, findings
 1097  and recommendations on the efforts of the department to
 1098  ascertain the causes of any business’s inability to complete its
 1099  agreement made under s. 288.106.
 1100         (7)(f) The amount report must include an analysis of the
 1101  economic benefits, as defined in s. 288.005, of tax refunds, tax
 1102  credits, or other payments made to projects locating or
 1103  expanding in state enterprise zones, rural communities,
 1104  brownfield areas, or distressed urban communities. The report
 1105  must include a separate analysis of the impact of such tax
 1106  refunds on state enterprise zones designated under s. 290.0065,
 1107  rural communities, brownfield areas, and distressed urban
 1108  communities.
 1109         (8) The name of and tax refund amount for each business
 1110  that has received a tax refund under s. 288.1045 or s. 288.106
 1111  during the preceding fiscal year.
 1112         (9)(g)An identification of The report must identify the
 1113  target industry businesses and high-impact businesses.
 1114         (10)(h)A description of The report must describe the
 1115  trends relating to business interest in, and usage of, the
 1116  various incentives, and the number of minority-owned or woman
 1117  owned businesses receiving incentives.
 1118         (l1)(i)An identification of The report must identify
 1119  incentive programs not used and recommendations for program
 1120  changes or program elimination utilized.
 1121         (12)Information related to the validation of contractor
 1122  performance required under s. 288.061.
 1123         (13) Beginning in 2014, a summation of the activities
 1124  related to the Florida Space Business Incentives Act.
 1125         (2) The Division of Strategic Business Development within
 1126  the department shall assist Enterprise Florida, Inc., in the
 1127  preparation of the annual incentives report.
 1128         Section 28. Subsection (3) of section 288.92, Florida
 1129  Statutes, is amended to read:
 1130         288.92 Divisions of Enterprise Florida, Inc.—
 1131         (3) By October 15 each year, each division shall draft and
 1132  submit an annual report that which details the division’s
 1133  activities during the prior fiscal year and includes any
 1134  recommendations for improving current statutes related to the
 1135  division’s related area. These annual reports shall be included
 1136  in the report required under s. 288.906.
 1137         Section 29. Subsection (5) of section 288.95155, Florida
 1138  Statutes, is amended to read:
 1139         288.95155 Florida Small Business Technology Growth
 1140  Program.—
 1141         (5) Enterprise Florida, Inc., shall prepare for inclusion
 1142  in the annual report of the department required under s. 288.907
 1143  by s. 288.095 a report on the financial status of the program.
 1144  The report must specify the assets and liabilities of the
 1145  program within the current fiscal year and must include a
 1146  portfolio update that lists all of the businesses assisted, the
 1147  private dollars leveraged by each business assisted, and the
 1148  growth in sales and in employment of each business assisted.
 1149         Section 30. Subsection (11) of section 290.0056, Florida
 1150  Statutes, is amended to read:
 1151         290.0056 Enterprise zone development agency.—
 1152         (11) Before October 1 December 1 of each year, the agency
 1153  shall submit to the department for inclusion in the annual
 1154  report required under s. 20.60 a complete and detailed written
 1155  report setting forth:
 1156         (a) Its operations and accomplishments during the fiscal
 1157  year.
 1158         (b) The accomplishments and progress concerning the
 1159  implementation of the strategic plan or measurable goals, and
 1160  any updates to the strategic plan or measurable goals.
 1161         (c) The number and type of businesses assisted by the
 1162  agency during the fiscal year.
 1163         (d) The number of jobs created within the enterprise zone
 1164  during the fiscal year.
 1165         (e) The usage and revenue impact of state and local
 1166  incentives granted during the calendar year.
 1167         (f) Any other information required by the department.
 1168         Section 31. Section 290.014, Florida Statutes, is amended
 1169  to read:
 1170         290.014 Annual reports on enterprise zones.—
 1171         (1) By October 1 February 1 of each year, the Department of
 1172  Revenue shall submit an annual report to the department
 1173  detailing the usage and revenue impact by county of the state
 1174  incentives listed in s. 290.007.
 1175         (2) By March 1 of each year, the department shall submit an
 1176  annual report to the Governor, the Speaker of the House of
 1177  Representatives, and the President of the Senate. The annual
 1178  report required under s. 20.60 shall include the information
 1179  provided by the Department of Revenue pursuant to subsection (1)
 1180  and the information provided by enterprise zone development
 1181  agencies pursuant to s. 290.0056. In addition, the report shall
 1182  include an analysis of the activities and accomplishments of
 1183  each enterprise zone.
 1184         Section 32. Subsection (11) of section 331.3051, Florida
 1185  Statutes, is amended to read:
 1186         331.3051 Duties of Space Florida.—Space Florida shall:
 1187         (11) Annually report on its performance with respect to its
 1188  business plan, to include finance, spaceport operations,
 1189  research and development, workforce development, and education.
 1190  The report shall be submitted to the Governor, the President of
 1191  the Senate, and the Speaker of the House of Representatives no
 1192  later than November 30 September 1 for the prior fiscal year.
 1193  The annual report must include operations information as
 1194  required under s. 331.310(2)(e).
 1195         Section 33. Paragraph (e) of subsection (2) of section
 1196  331.310, Florida Statutes, is amended to read:
 1197         331.310 Powers and duties of the board of directors.—
 1198         (2) The board of directors shall:
 1199         (e) Prepare an annual report of operations as a supplement
 1200  to the annual report required under s. 331.3051(11). The report
 1201  must shall include, but not be limited to, a balance sheet, an
 1202  income statement, a statement of changes in financial position,
 1203  a reconciliation of changes in equity accounts, a summary of
 1204  significant accounting principles, the auditor’s report, a
 1205  summary of the status of existing and proposed bonding projects,
 1206  comments from management about the year’s business, and
 1207  prospects for the next year, which shall be submitted each year
 1208  by November 30 to the Governor, the President of the Senate, the
 1209  Speaker of the House of Representatives, the minority leader of
 1210  the Senate, and the minority leader of the House of
 1211  Representatives.
 1212         Section 34. Subsection (4) of section 446.50, Florida
 1213  Statutes, is amended to read:
 1214         446.50 Displaced homemakers; multiservice programs; report
 1215  to the Legislature; Displaced Homemaker Trust Fund created.—
 1216         (4) STATE PLAN.—
 1217         (a) The Department of Economic Opportunity shall include in
 1218  the annual report required under s. 20.60 a develop a 3-year
 1219  state plan for the displaced homemaker program which shall be
 1220  updated annually. The plan must address, at a minimum, the need
 1221  for programs specifically designed to serve displaced
 1222  homemakers, any necessary service components for such programs
 1223  in addition to those enumerated in this section, goals of the
 1224  displaced homemaker program with an analysis of the extent to
 1225  which those goals are being met, and recommendations for ways to
 1226  address any unmet program goals. Any request for funds for
 1227  program expansion must be based on the state plan.
 1228         (b) The annual review and report required under s. 20.60
 1229  Each annual update must address any changes in the components of
 1230  the 3-year state plan and a report that must include, but need
 1231  not be limited to, the following:
 1232         1. The scope of the incidence of displaced homemakers;
 1233         2. A compilation and report, by program, of data submitted
 1234  to the department pursuant to subparagraph 3. by funded
 1235  displaced homemaker service programs;
 1236         3. An identification and description of the programs in the
 1237  state which receive funding from the department, including
 1238  funding information; and
 1239         4. An assessment of the effectiveness of each displaced
 1240  homemaker service program based on outcome criteria established
 1241  by rule of the department.
 1242         (c) The 3-year state plan must be submitted to the
 1243  President of the Senate, the Speaker of the House of
 1244  Representatives, and the Governor on or before January 1, 2001,
 1245  and annual updates of the plan must be submitted by January 1 of
 1246  each subsequent year.
 1247         Section 35. This act shall take effect upon becoming a law.