Florida spending $3,200 per job to recruit or keep positions, says Enterprise Florida's Swoope
Wake up and good morning. Florida's chief jobs cheerleader, Gray Swoope, (photo, right), argues that the state is getting more efficient and more responsible when it comes to spending tax dollars on recruiting, or keeping, jobs.
As CEO of Enterprise Florida, the state's economic development arm, Swoope told the State Commerce and Tourism Committee that since he came aboard three years ago, the state is getting a better return on investing tax dollars in state grants on jobs. As Swoope told the committee: "More jobs, better wage, better return, less taxpayer money out," he said in this WFSU report.
"And with the average investment of $3,200 a job, it is a positive story," Swoope said.
Asked about the high profile failure, Digital Domain -- the digital film business founded by Titanic producer James Cameron, Swoope told the committee that the company "circumvented" the process and managed to get state funding despite Enterprise Florida arguing that it not. Read more in this Tampa Bay Times story.
Swoope said 100 projects received the same kind of grant that Digital Domain received since 1995 and only two others have failed. They are Redpine Healthcare Technologies in Bay County (read more here) and DayJet (read more here).
-- Robert Trigaux, Business Columnist, Tampa Bay Times