Florida's economic development incentives are constantly under scrutiny. Law makers are asking for more transparency with these programs. See article: (http://news.wfsu.org/post/lawmaker-wants-keep-closer-tabs-incentives). Are you prepared for your company's numbers to be called out? Don't go through this process alone. We can help you track and report accurate numbers and provide the appropriate documents required by the state to prove that you successfully met your project goals.

Fewer Tax Incentive Dollars?

Here is an article from the Orlando Sentinel. To summarize, the next fiscal year may have a reduction in incentive dollars. This may mean that fewer incentives will be offered to legitimate businesses locating or expanding in Florida. It will be interesting to see how this affects the number of job opportunities available in the state. Maybe the state will establish tighter policies for these programs. Ultimately, the businesses participating in these programs will be required to jump through bigger hoops.

 

Click on the link below to read the full story. http://www.orlandosentinel.com/news/politics/os-capview-column-deslatte042113-20130419,0,2201622.column

Navigate the Economic Incentive Reporting Process with Ease

FREE ECONOMIC INCENTIVE TOOLKIT

Businesses typically participate in economic incentives to help defray some of their relocation/expansion expenses. However, they do not always fully understand the process. Most businesses are surprised by the amount of work required to track their project goals and report their project results.

To help businesses successfully navigate the economic incentive reporting (compliance) process, MarLynn Consulting developed the Economic Incentive Toolkit. This toolkit is being offered as a free resource.

 

Who can benefit from this toolkit:

• The economic incentive toolkit can be used as a resource for staff of Economic Development Organizations (EDOs) who would like to understand the compliance/reporting process. This would allow them to assist those businesses who are unsure of what happens after a project is awarded.

• This toolkit can also be used as a resource for businesses that have begun the economic incentive process. Businesses will benefit from understanding what is required of them prior to completing their negotiations.

Major Topics Covered:

• Economic incentives life-cycle
• Why businesses forfeit their economic incentive payments
• Importance of compliance management
• What a business should have in it's toolkit
• Case studies
• Show me the money - The payment and reporting process
• The monitoring process
• Frequently asked questions

The economic incentive toolkit is available free of charge to EDO's, companies approved for an economic development incentive project, or businesses considering applying for an incentive project. To request a copy, contact MarLynn Consulting at (850) 727-0293.

Florida's Legislative News - Economic incentives

Here is a recent article by Aaron Deslatte for the Orlando Sentinel.

As the legislative sessions continue, we will be hearing differing views on economic incentives and whether they benefit both Florida businesses and Florida's taxpayers. Here is a link to the article:
http://www.orlandosentinel.com/news/politics/os-capview-column-deslatte021713-20130215,0,3577875.column

Are Economic Incentives Truly Worth it For Taxpayers?

I read an article critiquing Enterprise Florida's handling of economic development incentives and whether it is worth it for Florida's taxpayers. To read the full article, click on the following link:
http://www.orlandosentinel.com/news/local/breakingnews/os-enterprise-florida-defensive-20130212,0,3714847.story