Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

Scripps Funding Corporation Meets State's Statutory and Contractual Requirements

Report 06-61, September 2006




Report Summary

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

  • requiring the Office of Tourism, Trade, and Economic Development to provide an annual report on program activities and performance; or
  • requiring Enterprise Florida, Inc., to include Innovation Incentive Program activities and performance in its annual incentives report.


Related Reports
  1. Florida's Biotechnology Industry Is Expanding; Cluster Growth Continues to Slowly Progress
    Report 13-06 March 2013
  2. Biotechnology Clusters Developing Slowly; Startup Assistance May Encourage Growth
    Report 10-05 January 2010
  3. Scripps Florida Funding Corporation Complies with Requirements and Should Be Continued
    Report 09-36 October 2009
  4. Legislature May Wish to Consider Options for Enhancing Florida's Recreational Marine Industry
    Report 07-48 December 2007
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
economic development, Biomedical, scientific, research, self-sufficiency, IMPLAN, collaborative, oversight, Scripps, economic impact, financial control, biotechnology, economic development, public-private partnership, Office of Tourism, Trade and Economic Development, economic development, economic incentives, development, incentives, tax credit, tax refund, enterprise zones, qualified targeted industries, qualified defense contractors, job creation, business expansion, enterprise zones, community development, urban renewal, urban revitalization, targeted economic development, tax credits, tax incentives, pilot project, local development, labor, toolkit, distressed communities, tax credits, incentives, grants, welfare recipients, internet-based website, coordinating partners, access, federal and state tools