Bill Text: FL S0406 | 2013 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Economic Development

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Passed) 2013-05-20 - Chapter No. 2013-42, companion bill(s) passed, see CS/CS/HB 579 (Ch. 2013-198), HB 4013 (Ch. 2013-96), CS/CS/HB 7007 (Ch. 2013-39), SB 1500 (Ch. 2013-40) [S0406 Detail]

Download: Florida-2013-S0406-Introduced.html
       Florida Senate - 2013                                     SB 406
       
       
       
       By Senator Gardiner
       
       
       
       
       13-00419B-13                                           2013406__
    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. 220.194, F.S.; requiring the
   27         annual report for the Florida Space Business
   28         Incentives Act to be included in the annual incentives
   29         report; deleting certain reporting requirements;
   30         amending s. 288.005, F.S.; providing a definition;
   31         amending s. 288.012, F.S.; requiring each State of
   32         Florida international office to submit a report to
   33         Enterprise Florida, Inc., for inclusion in its annual
   34         report; deleting a reporting date; amending s.
   35         288.061, F.S.; requiring the Department of Economic
   36         Opportunity to analyze each economic development
   37         incentive application; amending s. 288.0656, F.S.;
   38         requiring the Rural Economic Development Initiative to
   39         submit a report to supplement the Department of
   40         Economic Opportunity’s annual report; deleting certain
   41         reporting requirements; repealing s. 288.095(3)(c),
   42         F.S., relating to the annual report by Enterprise
   43         Florida, Inc., of programs funded by the Economic
   44         Development Incentives Account; amending s. 288.106,
   45         F.S.; deleting and adding provisions relating to the
   46         application and approval process of the tax refund
   47         program for qualified target industry businesses;
   48         requiring the Department of Economic Opportunity to
   49         include information on qualified target industry
   50         businesses in the annual incentives report; deleting
   51         certain reporting requirements; amending s. 288.1081,
   52         F.S.; requiring the use of loan funds from the
   53         Economic Gardening Business Loan Pilot Program to be
   54         included in the department’s annual report; deleting
   55         certain reporting requirements; amending s. 288.1082,
   56         F.S.; requiring the progress of the Economic Gardening
   57         Technical Assistance Pilot Program to be included in
   58         the department’s annual report; deleting certain
   59         reporting requirements; amending s. 288.1088, F.S.;
   60         requiring the department to validate contractor
   61         performance for the Quick Action Closing Fund and
   62         include the performance validation in the annual
   63         incentives report; deleting certain reporting
   64         requirements; amending s. 288.1089, F.S.; requiring
   65         that certain projects in the Innovation Incentive
   66         Program provide a cumulative break-even economic
   67         benefit; requiring the department to report
   68         information relating to the Innovation Incentive
   69         Program in the annual incentives report; deleting
   70         certain reporting requirements; deleting provisions
   71         that require the Office of Program Policy Analysis and
   72         Government Accountability and the Auditor General’s
   73         Office to report on the Innovation Incentive Program;
   74         amending s. 288.1253, F.S.; revising a reporting date;
   75         requiring expenditures of the Office of Film and
   76         Entertainment to be included in the annual
   77         entertainment industry financial incentive program
   78         report; amending s. 288.1254, F.S.; revising a
   79         reporting date; requiring the annual entertainment
   80         industry financial incentive program report to include
   81         certain information; amending s. 288.1258, F.S.;
   82         revising a reporting date; requiring the report
   83         detailing the relationship between tax exemptions and
   84         incentives to industry growth to be included in the
   85         annual entertainment industry financial incentive
   86         program report; amending s. 288.714, F.S.; requiring
   87         the Department of Economic Opportunity’s annual report
   88         to include a report on the Black Business Loan
   89         Program; deleting certain reporting requirements;
   90         amending s. 288.7771, F.S.; requiring the Florida
   91         Export Finance Corporation to submit a report to
   92         Enterprise Florida, Inc.; amending s. 288.903, F.S.;
   93         requiring Enterprise Florida, Inc., with the
   94         Department of Economic Opportunity, to prepare an
   95         annual incentives report; repealing s. 288.904(6),
   96         F.S., relating to Enterprise Florida, Inc., which
   97         requires the department to report the return on the
   98         public’s investment; amending s. 288.906, F.S.;
   99         requiring certain reports to be included in the
  100         Enterprise Florida, Inc., annual report; amending s.
  101         288.907, F.S.; requiring Enterprise Florida, Inc.,
  102         with the Department of Economic Opportunity, to
  103         prepare the annual incentives report; requiring the
  104         annual incentives report to include certain
  105         information; deleting a provision requiring the
  106         Division of Strategic Business Development to assist
  107         Enterprise Florida, Inc., with the report; amending s.
  108         288.92, F.S.; requiring each division of Enterprise
  109         Florida, Inc., to submit a report; amending s.
  110         288.95155, F.S.; requiring the financial status of the
  111         Florida Small Business Technology Growth Program to be
  112         included in the annual incentives report; amending s.
  113         290.0056, F.S.; revising a reporting date; requiring
  114         the enterprise zone development agency to submit
  115         certain information for the Department of Economic
  116         Opportunity’s annual report; amending s. 290.014,
  117         F.S.; revising a reporting date; requiring certain
  118         reports on enterprise zones to be included in the
  119         Department of Economic Opportunity’s annual report;
  120         amending s. 331.3051, F.S.; revising a reporting date;
  121         requiring Space Florida’s annual report to include
  122         certain information; amending s. 331.310, F.S.;
  123         requiring the Board of Directors of Space Florida to
  124         supplement Space Florida’s annual report with
  125         operations information; deleting certain reporting
  126         requirements; amending s. 446.50, F.S.; requiring the
  127         Department of Economic Opportunity’s annual report to
  128         include a plan for the displaced homemaker program;
  129         deleting certain reporting requirements; providing an
  130         effective date.
  131  
  132  Be It Enacted by the Legislature of the State of Florida:
  133  
  134         Section 1. Economic Development Programs Evaluation.—The
  135  Office of Economic and Demographic Research and the Office of
  136  Program Policy Analysis and Government Accountability (OPPAGA)
  137  shall develop and present to the Governor, the President of the
  138  Senate, the Speaker of the House of Representatives, and the
  139  chairs of the legislative appropriations committees the Economic
  140  Development Programs Evaluation.
  141         (1) The Office of Economic and Demographic Research and
  142  OPPAGA shall coordinate the development of a work plan for
  143  completing the Economic Development Programs Evaluation and
  144  shall submit the work plan to the President of the Senate and
  145  the Speaker of the House of Representatives by July 1, 2013.
  146         (2) The Office of Economic and Demographic Research and
  147  OPPAGA shall provide a detailed analysis of economic development
  148  programs as provided in the following schedule:
  149         (a) By January 1, 2014, and every 3 years thereafter, an
  150  analysis of the following programs:
  151         1. The Capital Investment Tax Credit established under s.
  152  220.191, Florida Statutes.
  153         2. The Qualified Target Industry Tax Refund established
  154  under s. 288.106, Florida Statutes.
  155         3. The Brownfield Redevelopment Bonus Tax Refund
  156  established under s. 288.107, Florida Statutes.
  157         4. High-Impact Sector Performance Grants established under
  158  s. 288.108, Florida Statutes.
  159         5.The Quick Action Closing Fund established under s.
  160  288.1088, Florida Statutes.
  161         6. The Innovation Incentive Program established under s.
  162  288.1089, Florida Statutes.
  163         7. Enterprise Zone Program incentives established under ss.
  164  212.0805, 212.0815, 212.096, 220.181, and 220.182, Florida
  165  Statutes.
  166         (b) By January 1, 2015, and every 3 years thereafter, an
  167  analysis of the following programs:
  168         1. The Entertainment Industry Financial Incentive Program
  169  established under s. 288.1254, Florida Statutes.
  170         2. The Entertainment Industry Sales Tax Exemption Program
  171  established under s. 288.1258, Florida Statutes.
  172         3. VISIT Florida and its programs established under ss.
  173  288.122, 288.1226, 288.12265, and 288.124, Florida Statutes.
  174         4. The Florida Sports Foundation and its programs
  175  established under ss. 288.1162, 288.11621, 288.1166, 288.1167,
  176  288.1168, 288.1169, and 288.1171, Florida Statutes.
  177         (c) By January 1, 2016, and every 3 years thereafter, an
  178  analysis of the following programs:
  179         1. The qualified defense contractor and space flight
  180  business tax refund program established under s. 288.1045,
  181  Florida Statutes.
  182         2. The tax exemption for semiconductor, defense, or space
  183  technology sales established under s. 212.08(5)(j), Florida
  184  Statutes.
  185         3. The Military Base Protection Program established under
  186  s. 288.980, Florida Statutes.
  187         4. The Manufacturing and Spaceport Investment Incentive
  188  Program established under s. 288.1083, Florida Statutes.
  189         5. The Quick Response Training Program established under s.
  190  288.047, Florida Statutes.
  191         6. The Incumbent Worker Training Program established under
  192  s. 445.003, Florida Statutes.
  193         7. International trade and business development programs
  194  established under s. 288.826, Florida Statutes.
  195         (3) Pursuant to the schedule established in subsection (2),
  196  the Office of Economic and Demographic Research shall evaluate
  197  and determine the economic benefits, as defined in s. 288.005,
  198  Florida Statutes, of each program over the previous 3 years. The
  199  analysis must also evaluate the number of jobs created, the
  200  increase or decrease in personal income, and the impact on state
  201  gross domestic product from the direct, indirect, and induced
  202  effects of the state’s investment in each program over the
  203  previous 3 years.
  204         (a) For the purpose of evaluating tax credits, tax refunds,
  205  sales tax exemptions, cash grants, and similar programs, the
  206  Office of Economic and Demographic Research shall evaluate data
  207  only from those projects in which businesses received state
  208  funds during the evaluation period. Such projects may be either
  209  fully complete, partially completed with future fund disbursal
  210  possible pending performance measures, or partially completed
  211  with no future fund disbursal possible as a result of a
  212  business’s inability to meet performance measures.
  213         (b) The analysis must use the model developed by the Office
  214  of Economic and Demographic Research, as required in s. 216.138,
  215  Florida Statutes, to evaluate each program. The office shall
  216  provide a written explanation of the key assumptions of the
  217  model and how it is used. If the office finds that another
  218  evaluation model is more appropriate to evaluate a program, it
  219  may use another model, but it must provide an explanation as to
  220  why the selected model was more appropriate.
  221         (4) Pursuant to the schedule established in subsection (2),
  222  OPPAGA shall evaluate each program over the previous 3 years for
  223  its effectiveness and value to the taxpayers of this state and
  224  include recommendations on each program for consideration by the
  225  Legislature. The analysis may include relevant economic
  226  development reports or analyses prepared by the Department of
  227  Economic Opportunity, Enterprise Florida, Inc., or local or
  228  regional economic development organizations; interviews with the
  229  parties involved; or any other relevant data.
  230         (5) The Office of Economic and Demographic Research and
  231  OPPAGA have access to all data necessary to complete the
  232  Economic Development Programs Evaluation, including any
  233  confidential data, notwithstanding s. 213.053, Florida Statutes.
  234  The offices may collaborate on data collection and analysis.
  235         Section 2. Subsection (10) of section 20.60, Florida
  236  Statutes, is amended to read:
  237         20.60 Department of Economic Opportunity; creation; powers
  238  and duties.—
  239         (10) The department, with assistance from Enterprise
  240  Florida, Inc., shall, by November 1 January 1 of each year,
  241  submit an annual report to the Governor, the President of the
  242  Senate, and the Speaker of the House of Representatives on the
  243  condition of the business climate and economic development in
  244  the state.
  245         (a) The report must shall include the identification of
  246  problems and a prioritized list of recommendations.
  247         (b) The report must incorporate annual reports of other
  248  programs, including:
  249         1. The displaced homemaker program established under s.
  250  446.50.
  251         2. Information provided by the Department of Revenue under
  252  s. 290.014.
  253         3. Information provided by enterprise zone development
  254  agencies under s. 290.0056 and an analysis of the activities and
  255  accomplishments of each enterprise zone.
  256         4. The Economic Gardening Business Loan Pilot Program
  257  established under s. 288.1081 and the Economic Gardening
  258  Technical Assistance Pilot Program established under s.
  259  288.1082.
  260         5. A detailed report of the performance of the Black
  261  Business Loan Program and a cumulative summary of quarterly
  262  report data required under s. 288.714.
  263         6. The Rural Economic Development Initiative established
  264  under s. 288.0656.
  265         Section 3. Subsection (9) of section 220.194, Florida
  266  Statutes, is amended to read:
  267         220.194 Corporate income tax credits for spaceflight
  268  projects.—
  269         (9) ANNUAL REPORT.—Beginning in 2014, the Department of
  270  Economic Opportunity, in cooperation with Space Florida and the
  271  department, shall include in the submit an annual incentives
  272  report required under s. 288.907 a summary of summarizing
  273  activities relating to the Florida Space Business Incentives Act
  274  established under this section to the Governor, the President of
  275  the Senate, and the Speaker of the House of Representatives by
  276  each November 30.
  277         Section 4. Subsection (4) is added to section 288.005,
  278  Florida Statutes, to read:
  279         288.005 Definitions.—As used in this chapter, the term:
  280         (4) “Jobs” means full-time equivalent positions, including,
  281  but not limited to, positions obtained from a temporary
  282  employment agency or employee leasing company or through a union
  283  agreement or coemployment under a professional employer
  284  organization agreement, which result directly from a project in
  285  this state. This number does not include temporary construction
  286  jobs involved with the construction of facilities for the
  287  project.
  288         Section 5. Subsection (3) of section 288.012, Florida
  289  Statutes, is amended to read:
  290         288.012 State of Florida international offices; state
  291  protocol officer; protocol manual.—The Legislature finds that
  292  the expansion of international trade and tourism is vital to the
  293  overall health and growth of the economy of this state. This
  294  expansion is hampered by the lack of technical and business
  295  assistance, financial assistance, and information services for
  296  businesses in this state. The Legislature finds that these
  297  businesses could be assisted by providing these services at
  298  State of Florida international offices. The Legislature further
  299  finds that the accessibility and provision of services at these
  300  offices can be enhanced through cooperative agreements or
  301  strategic alliances between private businesses and state, local,
  302  and international governmental entities.
  303         (3) By October 1 of each year, Each international office
  304  shall submit to Enterprise Florida, Inc., the department a
  305  complete and detailed report on its activities and
  306  accomplishments during the preceding fiscal year for inclusion
  307  in the annual report required under s. 288.906. In a format
  308  provided by Enterprise Florida, Inc., the report must set forth
  309  information on:
  310         (a) The number of Florida companies assisted.
  311         (b) The number of inquiries received about investment
  312  opportunities in this state.
  313         (c) The number of trade leads generated.
  314         (d) The number of investment projects announced.
  315         (e) The estimated U.S. dollar value of sales confirmations.
  316         (f) The number of representation agreements.
  317         (g) The number of company consultations.
  318         (h) Barriers or other issues affecting the effective
  319  operation of the office.
  320         (i) Changes in office operations which are planned for the
  321  current fiscal year.
  322         (j) Marketing activities conducted.
  323         (k) Strategic alliances formed with organizations in the
  324  country in which the office is located.
  325         (l) Activities conducted with Florida’s other international
  326  offices.
  327         (m) Any other information that the office believes would
  328  contribute to an understanding of its activities.
  329         Section 6. Present subsections (2) and (3) of section
  330  288.061, Florida Statutes, are redesignated as subsections (3)
  331  and (4), respectively, and a new subsection (2) is added to that
  332  section, to read:
  333         288.061 Economic development incentive application
  334  process.—
  335         (2) Beginning July 1, 2013, the department shall review and
  336  evaluate each economic development incentive application for the
  337  economic benefits of the proposed award of state incentives
  338  proposed for the project. The term “economic benefits” has the
  339  same meaning as in s. 288.005. The Office of Economic and
  340  Demographic Research shall review and evaluate the methodology
  341  and model used to calculate the economic benefits. For purposes
  342  of this requirement, an amended definition of economic benefits
  343  may be developed in conjunction with the Office of Economic and
  344  Demographic Research. The Office of Economic and Demographic
  345  Research shall report on the methodology and model by September
  346  1, 2013, and every third year thereafter, to the President of
  347  the Senate and the Speaker of the House of Representatives.
  348         Section 7. Subsection (8) of section 288.0656, Florida
  349  Statutes, is amended to read:
  350         288.0656 Rural Economic Development Initiative.—
  351         (8) REDI shall submit a report to the Governor, the
  352  President of the Senate, and the Speaker of the House of
  353  Representatives each year on or before September 1 on all REDI
  354  activities for the prior fiscal year as a supplement to the
  355  annual report required under s. 20.60. This report must shall
  356  include a status report on all projects currently being
  357  coordinated through REDI, the number of preferential awards and
  358  allowances made pursuant to this section, the dollar amount of
  359  such awards, and the names of the recipients. The report must
  360  shall also include a description of all waivers of program
  361  requirements granted. The report must shall also include
  362  information as to the economic impact of the projects
  363  coordinated by REDI, and recommendations based on the review and
  364  evaluation of statutes and rules having an adverse impact on
  365  rural communities, and proposals to mitigate such adverse
  366  impacts.
  367         Section 8. Paragraph (c) of subsection (3) of section
  368  288.095, Florida Statutes, is repealed.
  369         Section 9. Paragraph (c) of subsection (4) and paragraph
  370  (d) of subsection (7) of section 288.106, Florida Statutes, are
  371  amended to read:
  372         288.106 Tax refund program for qualified target industry
  373  businesses.—
  374         (4) APPLICATION AND APPROVAL PROCESS.—
  375         (c) Each application meeting the requirements of paragraph
  376  (b) must be submitted to the department for determination of
  377  eligibility. The department shall review and evaluate each
  378  application based on, but not limited to, the following
  379  criteria:
  380         1. Expected contributions to the state’s economy,
  381  consistent with the state strategic economic development plan
  382  prepared by the department.
  383         2. The economic benefits of the proposed award of tax
  384  refunds under this section and the economic benefits of state
  385  incentives proposed for the project. The term “economic
  386  benefits” has the same meaning as in s. 288.005. The Office of
  387  Economic and Demographic Research shall review and evaluate the
  388  methodology and model used to calculate the economic benefits
  389  and shall report its findings by September 1 of every 3rd year,
  390  to the President of the Senate and the Speaker of the House of
  391  Representatives.
  392         3. The amount of capital investment to be made by the
  393  applicant in this state.
  394         4. The local financial commitment and support for the
  395  project.
  396         5. The expected effect of the project on the unemployed and
  397  underemployed unemployment rate in the county where the project
  398  will be located.
  399         6. The expected effect of the award on the viability of the
  400  project and the probability that the project would be undertaken
  401  in this state if such tax refunds are granted to the applicant.
  402         7. The expected long-term commitment of the applicant to
  403  economic growth and employment in this state resulting from the
  404  project.
  405         7.8. A review of the business’s past activities in this
  406  state or other states, including whether the such business has
  407  been subjected to criminal or civil fines and penalties and
  408  whether the business received economic development incentives in
  409  other states and the results of such incentive agreements. This
  410  subparagraph does not require the disclosure of confidential
  411  information.
  412         (7) ADMINISTRATION.—
  413         (d) Beginning with tax refund agreements signed after July
  414  1, 2010, the department shall attempt to ascertain the causes
  415  for any business’s failure to complete its agreement and shall
  416  report its findings and recommendations must be included in the
  417  annual incentives report under s. 288.907 to the Governor, the
  418  President of the Senate, and the Speaker of the House of
  419  Representatives. The report shall be submitted by December 1 of
  420  each year beginning in 2011.
  421         Section 10. Subsection (8) of section 288.1081, Florida
  422  Statutes, is amended to read:
  423         288.1081 Economic Gardening Business Loan Pilot Program.—
  424         (8) The annual report required under s. 20.60 must describe
  425  On June 30 and December 31 of each year, the department shall
  426  submit a report to the Governor, the President of the Senate,
  427  and the Speaker of the House of Representatives which describes
  428  in detail the use of the loan funds. The report must include, at
  429  a minimum, the number of businesses receiving loans, the number
  430  of full-time equivalent jobs created as a result of the loans,
  431  the amount of wages paid to employees in the newly created jobs,
  432  the locations and types of economic activity undertaken by the
  433  borrowers, the amounts of loan repayments made to date, and the
  434  default rate of borrowers.
  435         Section 11. Subsection (8) of section 288.1082, Florida
  436  Statutes, is amended to read:
  437         288.1082 Economic Gardening Technical Assistance Pilot
  438  Program.—
  439         (8) The annual report required under s. 20.60 must describe
  440  On December 31 of each year, the department shall submit a
  441  report to the Governor, the President of the Senate, and the
  442  Speaker of the House of Representatives which describes in
  443  detail the progress of the pilot program. The report must
  444  include, at a minimum, the number of businesses receiving
  445  assistance, the number of full-time equivalent jobs created as a
  446  result of the assistance, if any, the amount of wages paid to
  447  employees in the newly created jobs, and the locations and types
  448  of economic activity undertaken by the businesses.
  449         Section 12. Paragraph (e) of subsection (3) of section
  450  288.1088, Florida Statutes, is amended to read:
  451         288.1088 Quick Action Closing Fund.—
  452         (3)
  453         (e) The department Enterprise Florida, Inc., shall validate
  454  contractor performance. Such validation shall be reported in the
  455  annual incentives report required under s. 288.907 within 6
  456  months after completion of the contract to the Governor,
  457  President of the Senate, and the Speaker of the House of
  458  Representatives.
  459         Section 13. Paragraphs (b) and (d) of subsection (4), and
  460  subsections (9) and (11) of section 288.1089, Florida Statutes,
  461  are amended to read:
  462         288.1089 Innovation Incentive Program.—
  463         (4) To qualify for review by the department, the applicant
  464  must, at a minimum, establish the following to the satisfaction
  465  of the department:
  466         (b) A research and development project must:
  467         1. Serve as a catalyst for an emerging or evolving
  468  technology cluster.
  469         2. Demonstrate a plan for significant higher education
  470  collaboration.
  471         3. Provide the state, at a minimum, a cumulative break-even
  472  economic benefit return on investment within a 20-year period.
  473         4. Be provided with a one-to-one match from the local
  474  community. The match requirement may be reduced or waived in
  475  rural areas of critical economic concern or reduced in rural
  476  areas, brownfield areas, and enterprise zones.
  477         (d) For an alternative and renewable energy project in this
  478  state, the project must:
  479         1. Demonstrate a plan for significant collaboration with an
  480  institution of higher education;
  481         2. Provide the state, at a minimum, a cumulative break-even
  482  economic benefit return on investment within a 20-year period;
  483         3. Include matching funds provided by the applicant or
  484  other available sources. The match requirement may be reduced or
  485  waived in rural areas of critical economic concern or reduced in
  486  rural areas, brownfield areas, and enterprise zones;
  487         4. Be located in this state; and
  488         5. Provide at least 35 direct, new jobs that pay an
  489  estimated annual average wage that equals at least 130 percent
  490  of the average private sector wage.
  491         (9) The department shall validate the performance of an
  492  innovation business, a research and development facility, or an
  493  alternative and renewable energy business that has received an
  494  award. At the conclusion of the innovation incentive award
  495  agreement, or its earlier termination, the department shall,
  496  within 90 days, submit, as part of the annual incentives report
  497  required under s. 288.907, a report to the Governor, the
  498  President of the Senate, and the Speaker of the House of
  499  Representatives detailing whether the recipient of the
  500  innovation incentive grant achieved its specified outcomes.
  501         (11)(a) The department shall submit to the Governor, the
  502  President of the Senate, and the Speaker of the House of
  503  Representatives, as part of the annual incentives report
  504  required under s. 288.907, a report summarizing the activities
  505  and accomplishments of the recipients of grants from the
  506  Innovation Incentive Program during the previous 12 months and
  507  an evaluation of whether the recipients are catalysts for
  508  additional direct and indirect economic development in Florida.
  509         (b) Beginning March 1, 2010, and every third year
  510  thereafter, the Office of Program Policy Analysis and Government
  511  Accountability, in consultation with the Auditor General’s
  512  Office, shall release a report evaluating the Innovation
  513  Incentive Program’s progress toward creating clusters of high
  514  wage, high-skilled, complementary industries that serve as
  515  catalysts for economic growth specifically in the regions in
  516  which they are located, and generally for the state as a whole.
  517  Such report should include critical analyses of quarterly and
  518  annual reports, annual audits, and other documents prepared by
  519  the Innovation Incentive Program awardees; relevant economic
  520  development reports prepared by the department, Enterprise
  521  Florida, Inc., and local or regional economic development
  522  organizations; interviews with the parties involved; and any
  523  other relevant data. Such report should also include legislative
  524  recommendations, if necessary, on how to improve the Innovation
  525  Incentive Program so that the program reaches its anticipated
  526  potential as a catalyst for direct and indirect economic
  527  development in this state.
  528         Section 14. Subsection (3) of section 288.1253, Florida
  529  Statutes, is amended to read:
  530         288.1253 Travel and entertainment expenses.—
  531         (3) The department shall prepare an annual report of the
  532  expenditures of the previous fiscal year of the Office of Film
  533  and Entertainment and provide such report to the Legislature on
  534  November 1 no later than December 30 of each year as part of the
  535  report required under s. 288.1254(10) for the expenditures of
  536  the previous fiscal year. The report shall consist of a summary
  537  of all travel, entertainment, and incidental expenses incurred
  538  within the United States and all travel, entertainment, and
  539  incidental expenses incurred outside the United States, as well
  540  as a summary of all successful projects that developed from such
  541  travel.
  542         Section 15. Subsection (10) of section 288.1254, Florida
  543  Statutes, is amended to read:
  544         288.1254 Entertainment industry financial incentive
  545  program.—
  546         (10) ANNUAL REPORT.—Each November 1 October 1, the Office
  547  of Film and Entertainment shall provide an annual report for the
  548  previous fiscal year to the Governor, the President of the
  549  Senate, and the Speaker of the House of Representatives which
  550  outlines the return on investment and economic benefits to the
  551  state. The report must shall also include an estimate of the
  552  full-time equivalent positions created by each production that
  553  received tax credits under this section and information relating
  554  to the distribution of productions receiving credits by
  555  geographic region and type of production. The report must also
  556  include the expenditures report required under s. 288.1253(3)
  557  and the report detailing the relationship between tax exemptions
  558  and incentives to industry growth required under s. 288.1258(5).
  559         Section 16. Subsection (5) of section 288.1258, Florida
  560  Statutes, is amended to read:
  561         288.1258 Entertainment industry qualified production
  562  companies; application procedure; categories; duties of the
  563  Department of Revenue; records and reports.—
  564         (5) RELATIONSHIP OF TAX EXEMPTIONS AND INCENTIVES TO
  565  INDUSTRY GROWTH; REPORT TO THE LEGISLATURE.—The Office of Film
  566  and Entertainment shall keep annual records from the information
  567  provided on taxpayer applications for tax exemption certificates
  568  beginning January 1, 2001. These records also must shall reflect
  569  a ratio of the annual amount of sales and use tax exemptions
  570  under this section, plus the incentives awarded pursuant to s.
  571  288.1254 to the estimated amount of funds expended by certified
  572  productions. In addition, the office shall maintain data showing
  573  annual growth in Florida-based entertainment industry companies
  574  and entertainment industry employment and wages. The employment
  575  information must shall include an estimate of the full-time
  576  equivalent positions created by each production that received
  577  tax credits pursuant to s. 288.1254. The Office of Film and
  578  Entertainment shall report this information to the Legislature
  579  no later than November 1 December 1 of each year as part of the
  580  report required under s. 288.1254(10).
  581         Section 17. Subsection (3) of section 288.714, Florida
  582  Statutes, is amended to read:
  583         288.714 Quarterly and annual reports.—
  584         (3) The annual review and report required under s. 20.60
  585  must include By August 31 of each year, the department shall
  586  provide to the Governor, the President of the Senate, and the
  587  Speaker of the House of Representatives a detailed report of the
  588  performance of the Black Business Loan Program. The report must
  589  include a cumulative summary of quarterly report data required
  590  by subsection (1).
  591         Section 18. Section 288.7771, Florida Statutes, is amended
  592  to read:
  593         288.7771 Annual report of Florida Export Finance
  594  Corporation.—The corporation shall annually prepare and submit
  595  to Enterprise Florida, Inc., the department for inclusion in its
  596  annual report required by s. 288.906, s. 288.095 a complete and
  597  detailed report setting forth:
  598         (1) The report required in s. 288.776(3).
  599         (2) Its assets and liabilities at the end of its most
  600  recent fiscal year.
  601         Section 19. Section 288.903, Florida Statutes, is amended
  602  to read:
  603         288.903 Duties of Enterprise Florida, Inc.—Enterprise
  604  Florida, Inc., shall have the following duties:
  605         (1) Responsibly and prudently manage all public and private
  606  funds received, and ensure that the use of such funds is in
  607  accordance with all applicable laws, bylaws, or contractual
  608  requirements.
  609         (2) Administer the entities or programs created pursuant to
  610  part IX of this chapter; ss. 288.9622-288.9624; ss. 288.95155
  611  and 288.9519; and chapter 95-429, Laws of Florida, line 1680Y.
  612         (3) Prepare an annual report pursuant to s. 288.906.
  613         (4) Prepare, in conjunction with the department, and an
  614  annual incentives report pursuant to s. 288.907.
  615         (5)(4) Assist the department with the development of an
  616  annual and a long-range strategic business blueprint for
  617  economic development required in s. 20.60.
  618         (6)(5) In coordination with Workforce Florida, Inc.,
  619  identify education and training programs that will ensure
  620  Florida businesses have access to a skilled and competent
  621  workforce necessary to compete successfully in the domestic and
  622  global marketplace.
  623         Section 20. Subsection (6) of section 288.904, Florida
  624  Statutes, is repealed.
  625         Section 21. Subsection (3) is added to section 288.906,
  626  Florida Statutes, to read:
  627         288.906 Annual report of Enterprise Florida, Inc., and its
  628  divisions; audits.—
  629         (3) The following reports must be included as supplements
  630  to the detailed report required by this section:
  631         (a)The annual report of the Florida Export Finance
  632  Corporation required under s. 288.7771.
  633         (b)The report on international offices required under s.
  634  288.012.
  635         Section 22. Section 288.907, Florida Statutes, is amended
  636  to read:
  637         288.907 Annual incentives report.—
  638         (1)By December 30 of each year, In addition to the annual
  639  report required under s. 288.906, Enterprise Florida, Inc., in
  640  conjunction with the department, by December 30 of each year,
  641  shall provide the Governor, the President of the Senate, and the
  642  Speaker of the House of Representatives a detailed incentives
  643  report quantifying the economic benefits for all of the economic
  644  development incentive programs marketed by Enterprise Florida,
  645  Inc.
  646         (a) The annual incentives report must include:
  647         (1) For each incentive program:
  648         (a)1. A brief description of the incentive program.
  649         (b)2. The amount of awards granted, by year, since
  650  inception and the annual amount actually transferred from the
  651  state treasury to businesses or for the benefit of businesses
  652  for each of the previous 3 years.
  653         3. The economic benefits, as defined in s. 288.005, based
  654  on the actual amount of private capital invested, actual number
  655  of jobs created, and actual wages paid for incentive agreements
  656  completed during the previous 3 years.
  657         (c)4.The report shall also include The actual amount of
  658  private capital invested, actual number of jobs created, and
  659  actual wages paid for incentive agreements completed during the
  660  previous 3 years for each target industry sector.
  661         (2)(b) For projects completed during the previous state
  662  fiscal year, the report must include:
  663         (a)1. The number of economic development incentive
  664  applications received.
  665         (b)2. The number of recommendations made to the department
  666  by Enterprise Florida, Inc., including the number recommended
  667  for approval and the number recommended for denial.
  668         (c)3. The number of final decisions issued by the
  669  department for approval and for denial.
  670         (d)4. The projects for which a tax refund, tax credit, or
  671  cash grant agreement was executed, identifying for each project:
  672         1.a. The number of jobs committed to be created.
  673         2.b. The amount of capital investments committed to be
  674  made.
  675         3.c. The annual average wage committed to be paid.
  676         4.d. The amount of state economic development incentives
  677  committed to the project from each incentive program under the
  678  project’s terms of agreement with the Department of Economic
  679  Opportunity.
  680         5.e. The amount and type of local matching funds committed
  681  to the project.
  682         (e) Tax refunds paid or other payments made funded out of
  683  the Economic Development Incentives Account for each project.
  684         (f) The types of projects supported.
  685         (3)(c) For economic development projects that received tax
  686  refunds, tax credits, or cash grants under the terms of an
  687  agreement for incentives, the report must identify:
  688         (a)1. The number of jobs actually created.
  689         (b)2. The amount of capital investments actually made.
  690         (c)3. The annual average wage paid.
  691         (4)(d) For a project receiving economic development
  692  incentives approved by the department and receiving federal or
  693  local incentives, the report must include a description of the
  694  federal or local incentives, if available.
  695         (5)(e) The report must state the number of withdrawn or
  696  terminated projects that did not fulfill the terms of their
  697  agreements with the department and, consequently, are not
  698  receiving incentives.
  699         (6) For any agreements signed after July 1, 2010, findings
  700  and recommendations on the efforts of the department to
  701  ascertain the causes of any business’s inability to complete its
  702  agreement made under s. 288.106.
  703         (7)(f) The amount report must include an analysis of the
  704  economic benefits, as defined in s. 288.005, of tax refunds, tax
  705  credits, or other payments made to projects locating or
  706  expanding in state enterprise zones, rural communities,
  707  brownfield areas, or distressed urban communities. The report
  708  must include a separate analysis of the impact of such tax
  709  refunds on state enterprise zones designated under s. 290.0065,
  710  rural communities, brownfield areas, and distressed urban
  711  communities.
  712         (8) The name of and tax refund amount for each business
  713  that has received a tax refund under s. 288.1045 or s. 288.106
  714  during the preceding fiscal year.
  715         (9)(g)An identification of The report must identify the
  716  target industry businesses and high-impact businesses.
  717         (10)(h)A description of The report must describe the
  718  trends relating to business interest in, and usage of, the
  719  various incentives, and the number of minority-owned or woman
  720  owned businesses receiving incentives.
  721         (l1)(i)An identification of The report must identify
  722  incentive programs not used and recommendations for program
  723  changes or program elimination utilized.
  724         (12)Information related to the validation of contractor
  725  performance required under s. 288.061.
  726         (13) Beginning in 2014, a summation of the activities
  727  related to the Florida Space Business Incentives Act.
  728         (2) The Division of Strategic Business Development within
  729  the department shall assist Enterprise Florida, Inc., in the
  730  preparation of the annual incentives report.
  731         Section 23. Subsection (3) of section 288.92, Florida
  732  Statutes, is amended to read:
  733         288.92 Divisions of Enterprise Florida, Inc.—
  734         (3) By October 15 each year, each division shall draft and
  735  submit an annual report that which details the division’s
  736  activities during the prior fiscal year and includes any
  737  recommendations for improving current statutes related to the
  738  division’s related area. These annual reports shall be included
  739  in the report required under s. 288.906.
  740         Section 24. Subsection (5) of section 288.95155, Florida
  741  Statutes, is amended to read:
  742         288.95155 Florida Small Business Technology Growth
  743  Program.—
  744         (5) Enterprise Florida, Inc., shall prepare for inclusion
  745  in the annual report of the department required under s. 288.907
  746  by s. 288.095 a report on the financial status of the program.
  747  The report must specify the assets and liabilities of the
  748  program within the current fiscal year and must include a
  749  portfolio update that lists all of the businesses assisted, the
  750  private dollars leveraged by each business assisted, and the
  751  growth in sales and in employment of each business assisted.
  752         Section 25. Subsection (11) of section 290.0056, Florida
  753  Statutes, is amended to read:
  754         290.0056 Enterprise zone development agency.—
  755         (11) Before October 1 December 1 of each year, the agency
  756  shall submit to the department for inclusion in the annual
  757  report required under s. 20.60 a complete and detailed written
  758  report setting forth:
  759         (a) Its operations and accomplishments during the fiscal
  760  year.
  761         (b) The accomplishments and progress concerning the
  762  implementation of the strategic plan or measurable goals, and
  763  any updates to the strategic plan or measurable goals.
  764         (c) The number and type of businesses assisted by the
  765  agency during the fiscal year.
  766         (d) The number of jobs created within the enterprise zone
  767  during the fiscal year.
  768         (e) The usage and revenue impact of state and local
  769  incentives granted during the calendar year.
  770         (f) Any other information required by the department.
  771         Section 26. Section 290.014, Florida Statutes, is amended
  772  to read:
  773         290.014 Annual reports on enterprise zones.—
  774         (1) By October 1 February 1 of each year, the Department of
  775  Revenue shall submit an annual report to the department
  776  detailing the usage and revenue impact by county of the state
  777  incentives listed in s. 290.007.
  778         (2) By March 1 of each year, the department shall submit an
  779  annual report to the Governor, the Speaker of the House of
  780  Representatives, and the President of the Senate. The annual
  781  report required under s. 20.60 shall include the information
  782  provided by the Department of Revenue pursuant to subsection (1)
  783  and the information provided by enterprise zone development
  784  agencies pursuant to s. 290.0056. In addition, the report shall
  785  include an analysis of the activities and accomplishments of
  786  each enterprise zone.
  787         Section 27. Subsection (11) of section 331.3051, Florida
  788  Statutes, is amended to read:
  789         331.3051 Duties of Space Florida.—Space Florida shall:
  790         (11) Annually report on its performance with respect to its
  791  business plan, to include finance, spaceport operations,
  792  research and development, workforce development, and education.
  793  The report shall be submitted to the Governor, the President of
  794  the Senate, and the Speaker of the House of Representatives no
  795  later than November 30 September 1 for the prior fiscal year.
  796  The annual report must include operations information as
  797  required under s. 331.310(2)(e).
  798         Section 28. Paragraph (e) of subsection (2) of section
  799  331.310, Florida Statutes, is amended to read:
  800         331.310 Powers and duties of the board of directors.—
  801         (2) The board of directors shall:
  802         (e) Prepare an annual report of operations as a supplement
  803  to the annual report required under s. 331.3051(11). The report
  804  must shall include, but not be limited to, a balance sheet, an
  805  income statement, a statement of changes in financial position,
  806  a reconciliation of changes in equity accounts, a summary of
  807  significant accounting principles, the auditor’s report, a
  808  summary of the status of existing and proposed bonding projects,
  809  comments from management about the year’s business, and
  810  prospects for the next year, which shall be submitted each year
  811  by November 30 to the Governor, the President of the Senate, the
  812  Speaker of the House of Representatives, the minority leader of
  813  the Senate, and the minority leader of the House of
  814  Representatives.
  815         Section 29. Subsection (4) of section 446.50, Florida
  816  Statutes, is amended to read:
  817         446.50 Displaced homemakers; multiservice programs; report
  818  to the Legislature; Displaced Homemaker Trust Fund created.—
  819         (4) STATE PLAN.—
  820         (a) The Department of Economic Opportunity shall include in
  821  the annual report required under s. 20.60 a develop a 3-year
  822  state plan for the displaced homemaker program which shall be
  823  updated annually. The plan must address, at a minimum, the need
  824  for programs specifically designed to serve displaced
  825  homemakers, any necessary service components for such programs
  826  in addition to those enumerated in this section, goals of the
  827  displaced homemaker program with an analysis of the extent to
  828  which those goals are being met, and recommendations for ways to
  829  address any unmet program goals. Any request for funds for
  830  program expansion must be based on the state plan.
  831         (b) The annual review and report required under s. 20.60
  832  Each annual update must address any changes in the components of
  833  the 3-year state plan and a report that must include, but need
  834  not be limited to, the following:
  835         1. The scope of the incidence of displaced homemakers;
  836         2. A compilation and report, by program, of data submitted
  837  to the department pursuant to subparagraph 3. by funded
  838  displaced homemaker service programs;
  839         3. An identification and description of the programs in the
  840  state which receive funding from the department, including
  841  funding information; and
  842         4. An assessment of the effectiveness of each displaced
  843  homemaker service program based on outcome criteria established
  844  by rule of the department.
  845         (c) The 3-year state plan must be submitted to the
  846  President of the Senate, the Speaker of the House of
  847  Representatives, and the Governor on or before January 1, 2001,
  848  and annual updates of the plan must be submitted by January 1 of
  849  each subsequent year.
  850         Section 30. This act shall take effect upon becoming a law.

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