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Florida Tax Incentives for Job Creation gets Failing Grade

 

Sanford-Burnham Medical Research Institute

For years, Florida has granted incentives to lure companies to the state to help create jobs, but new data reveal, most fall far short in meeting those goals.

Since 1995, Florida has signed off on contracts amounting to $1.7 billion in return for 225,000 new jobs.  However, only about one-third of those jobs have been filled, while the state has paid out 43 percent of the contracts, St. Petersburg Times reports.  This averages out to a high $10,237 per job.

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