The Office of Tourism, Trade, and Economic Development and the Scripps Florida Funding Corporation have complied with statutory and contractual requirements and the corporation has implemented reasonable contract management and monitoring activities.
The corporation's annual reports to the Legislature and the Governor provide relevant information on Scripps Florida's performance during a specific year. Future reports could be strengthened by including information on trends in Scripps Florida's performance, which would assist the Legislature in assessing Scripps Florida's progress toward achieving the state's goals.State funds expended by the corporation in Fiscal Year 2004-05 had an estimated economic impact of $136 million. These expenditures also support the creation of a projected 615 full- and part-time equivalent jobs. To obtain more comprehensive information for assessing the results of the Innovation Incentive Program, the Legislature may want to consider