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Committee Vote to Limit Corporate Welfare is Victory for Hispanics

Committee Vote to Limit Corporate Welfare is Victory for Hispanics

Washington, D.C. – Today, the Careers & Competition Subcommittee in the Florida House voted in favor of eliminating a number of major corporate welfare programs, including Enterprise Florida.

Cesar Grajales, Florida Coalitions Director of The LIBRE Initiative released the following statement:

“For Hispanic families and small business owners across the Sunshine State, maintaining a competitive free market where the government does not pick winners and losers is a fundamental step toward breaking down barriers to economic growth and opportunity. This is why we are supporting the elimination of Enterprise Florida’s public-private partnership that hands out the taxpayer funds to a few large companies. Ending this broken system – which benefits the few at the expense of the many – will lead to economic progress and increasing prosperity that benefits everyone.”

According to a study by Good Jobs First, which examined similar spending in three states, Florida spends a large majority of these incentives on large companies instead of small businesses. After 20 years of operation, Enterprise Florida has negotiated over 1,600 contracts worth more than $1.7 billion, creating only half the number of jobs it originally promised to provide.

For Interviews with a representative from The LIBRE Initiative, please contact Brian Faughnan, 202-805-1581 or Wadi Gaitan, 202-853-4463