Make us your home page
Instagram

Gov. Rick Scott signs billion-dollar business incentives plan into law

TALLAHASSEE — Flanked by leaders of Florida's top economic trade groups and agencies, Gov. Rick Scott signed a number of business tax cuts he says will accelerate economic development in the state.

"The passage of my jobs package is a great example of all of us working together to make Florida the best state to live and do business," he said Wednesday.

The economic development package includes more than $1 billion in tax cuts for businesses over the next three years. It features broad cuts of the unemployment tax and the corporate income tax, and targeted reductions for manufacturers, private plane repairers, and fruit and meat packers.

Scott said it's difficult to say definitively how certain targeted tax cuts will lead to job creation, but noted that the package helps make Florida a more competitive state for business expansion.

"If we want employers to hire more people, we've got to think like they do," said Scott, a former CEO. "We've got to keep their costs as low as they can. We've got to make sure that we're more competitive than any jurisdiction in the world."

House Speak Dean Cannon was among those in attendance, saying, "There's not a single bill that we can pass or any group of bills that will drive unemployment to zero and get our economy fully recovered. But we can create an environment that sends a signal of stability and predictability to job creators."

The public signing of HB 7087 and HB 7027 is the latest in a public relations push by Scott to shape the discussion about the job he's done as governor.

With gubernatorial elections still two years away, the Republican Party has been running television ads touting Scott's pro-business record.

Between oral arguments in the Supreme Court health care case and Trayvon Martin's death, Scott has seen a heavy dose of media attention in recent days. After speaking about Trayvon on CNN and MSNBC last weekend, Scott pivoted to touting Florida as a great place to do business before a national audience.

The state has added about 77,100 jobs since Scott took office in 2011, but 36,000 jobs were lost in January and several problems persist. Florida continues to lead the nation in stalled foreclosures and unemployment is persistently high, at 9.6 percent.

A new poll shows that 68 percent of Floridians believe that the state is still in recession.

The economic development package Scott signed Wednesday also includes bills that help the governor reduce regulations (HB 7029) and fire ineffective members of regional workforce boards (HB 7023).

Gov. Rick Scott signs billion-dollar business incentives plan into law 03/28/12 [Last modified: Wednesday, March 28, 2012 8:04pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Shares in Tampa's Health Insurance Innovations rebound from stronger earnings report

    Corporate

    TAMPA — After a sharp drop in its stock price in August and September, Health Insurance Innovations on Monday announced strong revenue and net income gains in preliminary numbers for its third quarter of the year. The company also announced a $50 million stock buyback over the next two years meant to bolster its …

    After losing more than half its market value between August and September, shares in Tampa's Health Insurance Innovations are rebounding."The new share repurchase program underscores our confidence in our business strategy, financial performance, and the long-term prospects of our company while also allowing us the financial flexibility to continue to invest in our business," company CEO Gavin Southwell announced Monday. [Courtesy of LinkedIn]
  2. Trigaux: Campaign aims to leverage tourism ads to recruit millennials, businesses

    Economic Development

    TAMPA — Tampa Bay's unleashing one of its best weapons — a cadre of successful entrepreneurs and young business leaders — in a marketing campaign already under way but officially …

    Erin Meagher, founder of Tampa coconut oil products company Beneficial Blends, is part of a group of business savvy millennial entrepreneurs and managers who are helping to pitch the work-live-play merits of the Tampa Bay market in a new marketing campaign called Make It Tampa Bay. The campaign is backed by Visit Tampa Bay and the Tampa Hillsborough Economic Development Corp. and aimed at recruiting more millennial talent to relocate and stay in the Tampa Bay area. [Courtesy Tampa Hillsborough EDC, Visit Tampa Bay]
  3. Florida gas prices drop 25 cents on average over past month

    Autos

    Gas prices are on a downward tear post-hurricane. Tampa Bay fell to $2.34 per gallon on Sunday, down 10 cents over the week, according to AAA, The Auto Club Group. Across the state, gas fell 7 cents over the same period to average $2.47 per gallon.

    Gas prices across the state fell 25 cents over 31 days. | [Times file photo]
  4. Entrepreneur expands interests with Twisted Crafts

    Business

    SOUTH TAMPA — Playgrounds of Tampa owner Mike Addabbo is expanding into the do-it-yourself industry with his new endeavor: Twisted Crafts.

     Jennifer and Michael Addabbo pose in their latest entrepreneurial enterprise: Twisted Crafts. Photo courtesy of Twisted Craft.
  5. Amazing Lash franchise expands to South Tampa

    Business

    SOUTH TAMPA — Jeff Tolrud opened the doors to his third Amazing Lash Studio franchise earlier this month, this time in South Tampa.

    When customers walk in, the studios have the same look and feel throughout the country, operator Jeff Tolrud said of Amazing Lash Studio. Tolrud opened his third in Hillsborough County earlier this month. Photo courtesy of Amazing Lash.