Florida earmarked millions for jobs that never materialized

[RockaFowler]

http://www.tcpalm.com/news/2013/mar/17/florida-ermarked-millions-for-treasure-coast/?partner=popular

Since 1996, Florida has inked 18 deals with companies and institutes promising 3,098 new jobs for the Treasure Coast.

Florida officials were willing to trade more than $127 million to put thousands of people to work in X-ray technology, digital movies, airplane parts manufacturing and state-of-the-art biotechnology.

But the state’s efforts over 17 years have yielded just 381 new jobs on the Treasure Coast, according to the state Department of Economic Opportunity. With $114.5 million already handed out, those positions came at about $300,400 state cost per local job produced.

Only six deals, which have pledged $99,771,666 to create 704 jobs, are still active. The rest were terminated without the companies receiving a dime, except for the $20 million Digital Domain took down when it collapsed into bankruptcy last year.


I live in the Treasure Coast and I can't believe the waste and fraud this state has used in the name of "Jobs". Digital Domain was one of the biggest. Heck we have a building (beautiful building right off I-95) that is empty right now even after we gave that company millions. Corporate Welfare does not work. Florida is a prime example of this. Not sure how much more money they are going to spend in this state to get companies that no-one else wants.

[Wellstone ruled]

1. Another case of a Corporate Welfare rip off.