Florida Senate - 2012                          SENATOR AMENDMENT
       Bill No. HB 7087, 2nd Eng.
       
       
       
       
       
       
                                Barcode 864646                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                 Floor: WD/2R          .                                
             03/09/2012 11:11 AM       .                                
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       Senator Sachs moved the following:
       
    1         Senate Amendment to Amendment (401580) (with title
    2  amendment)
    3  
    4         Between lines 732 and 733
    5  insert:
    6         Section 12. Paragraph (c) of subsection (4) of section
    7  288.1089, Florida Statutes, is amended to read:
    8         288.1089 Innovation Incentive Program.—
    9         (4) To qualify for review by the department, the applicant
   10  must, at a minimum, establish the following to the satisfaction
   11  of the department:
   12         (c) An innovation business project in this state, other
   13  than a research and development project, must:
   14         1.a. Result in the creation of at least 1,000 direct, new
   15  jobs at the business; or
   16         b. Result in the creation of at least 500 direct, new jobs
   17  if the project is located in a rural area, a brownfield area, or
   18  an enterprise zone.
   19         1.2. Have an activity or product that is within an industry
   20  that is designated as a target industry business under s.
   21  288.106 or a designated sector under s. 288.108.
   22         3.a. Have a cumulative investment of at least $500 million
   23  within a 5-year period; or
   24         b. Have a cumulative investment that exceeds $250 million
   25  within a 10-year period if the project is located in a rural
   26  area, brownfield area, or an enterprise zone.
   27         2.4. Be provided with a one-to-one match from the local
   28  community. The match requirement may be reduced or waived in
   29  rural areas of critical economic concern or reduced in rural
   30  areas, brownfield areas, and enterprise zones.
   31  
   32  ================= T I T L E  A M E N D M E N T ================
   33         And the title is amended as follows:
   34         Delete line 1253
   35  and insert:
   36         imposed on banks and savings associations; amending s.
   37         288.1089, F.S.; revising the requirements that an
   38         applicant must meet in order to qualify for an
   39         innovation business project under the Innovation
   40         Incentive Program; amending s.