Economic incentives would receive more scrutiny after 10 News reports, filing of legislative bill

4:29 PM, Feb 6, 2013   |    comments
The cover of a report issued by Integrity Florida, that looks at improving ethics policies in counties across the state.
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St. Petersburg, Florida -- Following a series of reports from the 10 News Investigators and the non-profit watchdog group Integrity Florida, a key legislative committee has recommended additional oversights to better track the impact of state-backed economic incentives.

According to the News Service of Florida, the House Economic Development and Tourism Subcommittee voted unanimously on Wednesday to approve a proposed committee bill that would address criticisms over a lack of systematic and standardized review processes at  the Department of Economic Opportunity and Enterprise Florida.

Each year, the state offers tens of millions of dollars in economic incentives through the two offices, but not all subsidies are successful in creating jobs.

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