288.0001 Economic Development Programs Evaluation.—The Office of Economic and Demographic Research and the Office of Program Policy Analysis and Government Accountability (OPPAGA) shall develop and present to the Governor, the President of the Senate, the Speaker of the House of Representatives, and the chairs of the legislative appropriations committees the Economic Development Programs Evaluation.
(1) The Office of Economic and Demographic Research and OPPAGA shall coordinate the development of a work plan for completing the Economic Development Programs Evaluation and shall submit the work plan to the President of the Senate and the Speaker of the House of Representatives by July 1, 2013.
(2) The Office of Economic and Demographic Research and OPPAGA shall provide a detailed analysis of economic development programs as provided in the following schedule:
(a) By January 1, 2014, and every 3 years thereafter, an analysis of the following:
1. The capital investment tax credit established under s. 220.191.
(d) By January 1, 2024, and every 3 years thereafter, an analysis of Space Florida established under part II of chapter 331.
(e) By January 1, 2027, and every 3 years thereafter, an analysis of the Supply Chain Innovation Grant Program established under s. 288.102.
(3) Pursuant to the schedule established in subsection (2), the Office of Economic and Demographic Research shall evaluate and determine the economic benefits, as defined in s. 288.005, of each program over the previous 3 years. The analysis must also evaluate the number of jobs created, the increase or decrease in personal income, and the impact on state gross domestic product from the direct, indirect, and induced effects of the state’s investment in each program over the previous 3 years.
(a) For the purpose of evaluating tax credits, tax refunds, sales tax exemptions, cash grants, and similar programs, the Office of Economic and Demographic Research shall evaluate data only from those projects in which businesses received state funds during the evaluation period. Such projects may be fully completed, partially completed with future fund disbursal possible pending performance measures, or partially completed with no future fund disbursal possible as a result of a business’s inability to meet performance measures.
(b) The analysis must use the model developed by the Office of Economic and Demographic Research, as required in s. 216.138, to evaluate each program. The office shall provide a written explanation of the key assumptions of the model and how it is used. If the office finds that another evaluation model is more appropriate to evaluate a program, it may use another model, but it must provide an explanation as to why the selected model was more appropriate.
(4) Pursuant to the schedule established in subsection (2), OPPAGA shall evaluate each program over the previous 3 years for its effectiveness and value to the taxpayers of this state and include recommendations on each program for consideration by the Legislature. The analysis may include relevant economic development reports or analyses prepared by the department or local or regional economic development organizations, interviews with the parties involved, or any other relevant data.
(5) The Office of Economic and Demographic Research and OPPAGA must be given access to all data necessary to complete the Economic Development Programs Evaluation, including any confidential data. The offices may collaborate on data collection and analysis.
History.—s. 1, ch. 2013-39; s. 1, ch. 2013-42; s. 6, ch. 2014-1; s. 19, ch. 2014-18; s. 3, ch. 2014-167; s. 3, ch. 2014-218; s. 26, ch. 2018-110; s. 35, ch. 2021-31; s. 1, ch. 2023-161; s. 31, ch. 2023-173; s. 2, ch. 2023-200; s. 10, ch. 2024-234; s. 7, ch. 2024-251.
1Note.—As added by s. 31, ch. 2023-173. Section 2, ch. 2023-200, added paragraph (2)(e), redesignated as paragraph (2)(d) by the editors incident to compilation of the section, setting an every-3-year analysis of Space Florida with a January 1, 2024, start date. Section 12, ch. 2023-200, provides that “[i]n the event of a conflict of any provision of this act with the provisions of any other act, the provisions of this act shall control to the extent of such conflict.”