995038
GENERAL APPROPRIATIONS BILL Committee Amendment
SB2000 BTA 31
Senator(s) Montford moved the following amendment:
Section: 06 EXPLANATION:
On Page: 281 Provides that up to $150,000 from the State Economic
Enhancement and Development Trust Fund in the
Spec App: 2304A Department of Economic Opportunity may be used for a
study to identify strategies for expanding the
economic activity of each rural area of the state.
These funds are earmarked from the lump sum
appropriated for Economic Development Tools.
NET IMPACT ON: Total Funds General Revenue Trust Funds
Recurring - 0 0 0
Non-Recurring - 0 0 0
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Positions & Amount Positions & Amount
DELETE INSERT
ECONOMIC OPPORTUNITY, DEPARTMENT OF
Program: Strategic Business Development
Strategic Business Development 40400100
In Section 06 On Page 281
2304A Lump Sum 098019
Economic Development Tools IOEA
At the end of existing proviso language, immediately following Specific
Appropriation 2304A, INSERT:
From the funds in Specific Appropriation 2304A from the State Economic
Enhancement and Development Trust Fund, Enterprise Florida, Inc. (EFI),
in conjunction with the Department of Economic Opportunity (DEO) and
Workforce Florida, Inc., may use up to $150,000 to conduct a study to
identify innovative strategies for expanding the economic activity of
each rural area in the state. Expanding economic activity includes
increasing employment through: existing businesses and through new
businesses locating to the area; increasing the total production of
goods and services; and increasing the need for expanded infrastructure
due to increasing population in that area. The rural areas to be
included in the strategies shall be all those counties and
municipalities defined as rural for the Rural Economic Development
Initiative (REDI) in section 288.0656, Florida Statutes, as well as any
995038 Log:0009 FEM/FEM 02/21/12 09:29:20 PM Senate Page: 1
other counties or municipalities included in any of the designated Rural
Areas of Critical Economic Concern (RACEC). The study shall create
strategies for providing small business assistance as well as
proactively recruiting new businesses to locate in rural areas. The
study shall provide recommendations for strategies specific to each
rural community. Besides employing the existing statutory incentive
programs and the statutorily authorized criteria waivers for those
programs in rural areas, the study shall identify alternative means of
enticing businesses to locate or expand in rural areas. Alternative
means may include increased incentive amounts, reduced incentive
performance metrics, newly proposed incentives, and newly proposed ways
to eliminate non-financial barriers to business expansion in rural
areas, such as permitting barriers, workforce needs or needed
transportation improvements. The study shall take into account local
incentive programs as well as the existing state statutory incentive
programs. EFI may use the annual data reported to the Office of Economic
and Demographic research pursuant to sections 125.045 and 166.021,
Florida Statutes, related to incentives given to businesses, and the
information reported directly to EFI related to the community inventory
under section 288.912, Florida Statutes. The strategies developed shall
include the most effective and efficient methods of coordinating and
employing the resources and planning efforts of all of the entities
identified in section 288.0656(6)(a), Florida Statutes, as Rural
Economic Development Initiative agencies. The study shall specifically
identify and rank both the impediments deemed most problematic and the
inducements deemed most effective as they relate to promoting economic
growth in each rural community. The study should also recommend the
types and characteristics of businesses that should be priority targets
for economic development in each rural community. EFI shall submit the
study and recommendations no later than December 1, 2012, to the chair
of the Senate Budget Committee and the chair of the House Appropriations
Committee. The DEO shall also include in the annual incentives report
required pursuant to section 288.907, Florida Statutes, on December 30,
2012, detailed information showing geographic distribution of incentive
contracts, specifically showing the difference between rural and non
rural communities and the industry type for such projects.
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