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

Florida Economic Development Program Evaluations - Year 1

Report 14-01, January 2014

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Report Summary

As directed by the Legislature, the Office of Program Policy Analysis and Government Accountability (OPPAGA) and the Office of Economic and Demographic Research (EDR) completed detailed analyses of state economic development programs. OPPAGA evaluated each program for effectiveness and value to the state's taxpayers. EDR evaluated and determined the economic benefits, as defined in s. 288.005, Florida Statutes, which is more commonly referred to as return-on-investment, of each program. The evaluations included projects that received program incentives during at least one year of the evaluation period-Fiscal Years 2009-10, 2010-11, and 2011-12.

Seven programs were included in the OPPAGA and EDR reviews.

  • Capital Investment Tax Credit
  • Qualified Target Industry Tax Refund
  • Brownfield Redevelopment Bonus Refund
  • High-Impact Incentive Performance Grants
  • Quick Action Closing Fund
  • Innovation Incentive Program
  • Enterprise Zone Program

    • Related Reports
    1. Florida Economic Development Program Evaluations Year 8
      Report 20-08 December 2020
    2. Florida Economic Development Program Evaluations - Year 7
      Report 19-16 December 2019
    3. Florida Economic Development Program Evaluations - Year 6
      Report 18-07 December 2018
    4. Florida Economic Development Program Evaluations - Year 5
      Report 17-13 December 2017
    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, incentives, Capital Investment Tax Credit, Qualified Target Industry Tax Refund, Brownfield Redevelopment Bonus Refund, High-Impact Incentive Performance Grants, Quick Action Closing Fund, Innovation Incentive Program,Enterprise Zone Program, job creation, capital investment, biotechnology, clusters, location quotient, high-wage, start-up, spin-off, workforce, local match