OPPAGA text logo with graphic of FL historic capitol
OPPAGA text logo with graphic of FL historic capitol

Department of Economic Opportunity

Strategic Business Development

What is the purpose of the division?

The Division of Strategic Business Development provides support for attracting out-of-state businesses to Florida, promoting the creation and expansion of Florida businesses and facilitating Florida's economic development partnerships.

What are the duties of the division?

The division's duties include several economic development functions, such as project development facilitation and support, as well as incentive and grant performance measurement. The division also includes the Office of Film and Entertainment and the Sports Development Program.
In fulfilling these duties, the division contracts with Enterprise Florida, Inc., a non-profit corporation that serves as Florida's statewide economic development organization. The division also partners with Space Florida and VISIT FLORIDA.

How many incentives are paid to businesses each year?

The Department of Economic Opportunity reports that in Fiscal Year 2018-19, it paid $45,134,931.92 in incentives to 214 businesses.

How are these activities funded?

Fiscal Year: 2020-21
Fund Dollars Positions
PROGRAM: STRATEGIC BUSINESS DEVELOPMENT
STRATEGIC BUSINESS DEVELOPMENT
287,178,271
22.00
TOTAL
287,178,271
22.00

Updates

Florida Tourism Industry Marketing Corporation. Chapter 2020-16, Laws of Florida, revises the scheduled repeal of the Florida Tourism Industry Marketing Corporation, or VISIT FLORIDA. The Florida Tourism Industry Marketing Corporation is reauthorized until October 1, 2023.

Regional Rural Development Grants Program. Chapter 2020-30, Laws of Florida, increases the annual maximum grant amounts available to regional economic development organizations from $750,000 to $1 million. It also requires grant recipients to serve or be located in a rural area of opportunity. The bill creates transparency requirements for contracts and agreements that expend funds under the Regional Rural Development Grants Program and the Rural Infrastructure Fund.

Where can I find related OPPAGA reports?

 

Florida Economic Development Program Evaluations - Year 7, Report 19-16, December 2019
Florida Economic Development Program Evaluations - Year 6, Report 18-07, December 2018
Florida Economic Development Program Evaluations - Year 5, Report 17-13, December 2017
Florida Economic Development Program Evaluations - Year 4, Report 17-02, January 2017
Agency Review - Enterprise Florida, Inc., and Department of Economic Opportunity, Report 16-09, December 2016
Florida Economic Development Program Evaluations - Year 3, Report 15-11, November 2015

Where can I get more information?

Other Reports
The Auditor General reports on department operations are available on its website.

2019 Incentives Report,  Department of Economic Opportunity.  


Performance measures and standards for the department may be found in its Long Range Program Plan.

What are the applicable statutes?

Chapters 20, 220, 288, 290, 311, and 331, Florida Statutes.

Whom do I contact for help?

Department of Economic Opportunity, 850-245-7105

Website