Statement by the Innovation Coast Board of Directors Regarding the Potential Elimination of Enterprise Florida
Enterprise Florida has played a vital role in creating thousands of new jobs and sustaining economic growth in Northwest Florida and is critical to our region’s efforts to grow and attract more technology and knowledge-based companies in the future.
Innovation Coast supports Enterprise Florida because it provides business incentives and grants that level the playing field both nationally and internationally. Florida’s investment in this public-private partnership has been returned many times over. For example, with Enterprise Florida’s assistance, Navy Federal is making a $350 million capital investment at its Pensacola campus generating 5,000 new jobs to the area. And VT Mobile Aerospace Engineering is constructing a 173,000 square-foot facility creating 400 new jobs at Pensacola International Airport.
Every region has benefited from Enterprise Florida’s efforts, but at this critical juncture, Northwest Florida – especially its technology and knowledge-based sector – needs the state’s active assistance to continue building our economy on a foundation of good jobs in sustainable industries.