On this week’s Florida NewsMakers program, the Executive Director of the Florida Department of Economic Opportunity sits down with Sachs Media Group’s Trimmel Gomes and discuses Florida’s economic recovery.
With Florida’s unemployment rate dipping to its lowest levels in more than four years, the head of Florida’s Department of Economic Opportunity, Jesse Panuccio, credits the state’s deep-rooted focus on job creation saying, “It’s the policies the governor and the Legislature have put in place in the last two years; balanced sensible budgets, lower taxation, sensible regulation and promoting a sensible litigation environment.”
The new agency, which is designed to streamline Florida’s effort to attract businesses and help existing ones expand, has some critics saying the state’s incentives program needs more teeth. “What we do to ensure that they are well administered is we ensure that they are done transparently, accountably and efficiently,” Panuccio said. “We, for instance, have launched a first of its kind incentives portal on our website in the last two months, so every Florida taxpayer, anytime they want, can visit our website and see every single non-confidential incentives deal that’s out there and look at how the companies have performed.” During this week’s program, Panuccio also explains why he believes the Florida Department of Economic Opportunity (which combines Florida’s economic development, workforce and community development agencies under one roof) should be considered the best run agency in state government.