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April 2012

Executive Summary

Enterprise Florida serves as the State of Florida’s official economic development organization.
In this report, Integrity Florida does not take a position on whether tax incentives for economic
development are good or bad. This report examines Enterprise Florida’s commitment to public
access to information, accountability, performance metrics and transparency.

Summary of Enterprise Florida Corruption Risk Indicators

Enterprise Florida’s most recent legislative agenda prioritized confidentiality measures.
Corporate seats on the Enterprise Florida Board of Directors are offered for $50,000.
Enterprise Florida board member companies receive Enterprise Florida tax incentives.
Enterprise Florida board member companies serve as Enterprise Florida vendors.
Enterprise Florida does not publicly notice all board meetings.

Enterprise Florida does not provide board and committee meeting materials online.
Despite being the fourth largest state, Florida ranked just 12th in the U.S. for new
facilities and expansions in 2011.

A company that received Enterprise Florida tax incentives is responsible for calculating
the return on investment (ROI) of the incentives for Enterprise Florida.
Enterprise Florida awarded contracts worth nearly $6,000,000 in 2011 to confidential
companies.

The only company Enterprise Florida granted incentives awards to that was “not in a
targeted industry” was Wal-Mart Stores East, LP with agreements for $360,000 and
$420,000 in 2011.

Summary of Integrity Florida Recommendations to Reduce Corruption Risk at Enterprise
Florida

Recommendation #1: Increase public access to information.
Recommendation #2: Prioritize new job creation.
Recommendation #3: Implement an independent, ROI calculator.
Recommendation #4: Close public records loopholes.
Recommendation #5: Focus on target industries strategy.
Recommendation #6: Build an online database of all state and local tax incentives.
Recommendation #7: Add accountability clauses to contracts to protect taxpayers.