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.