Economic Development: Myth vs. Reality

As the legislative session begins, Florida’s economic development programs are in the crosshairs as House Republicans threaten to slash funding.

B2 is helping the Florida Economic Development Council explain economic development’s impact while correcting misconceptions. For example:

Myth: EDCs only give out incentives.

Reality: EDCs help companies in many ways, from assistance with permitting issues to making introductions to trade partners.

Myth: Companies get incentives but don’t create jobs.

Reality: Companies receive incentives only after jobs are created.

Myth: Incentives don’t make an impact.

Reality: 2016 Florida incentives supported 18,415 new jobs with average wages of over $57,000.

– Kyle Parks, B2 Communications