With the Florida Legislature currently putting finishing touches on Florida’s next state budget, Florida Department of Economic Opportunity CEO Ken Lawson tells the Florida Chamber’s Bottom Line that Floridians enjoy a friendly tax climate because of Florida’s visitors contributing to the economy.
“By virtue of tourism, we’re not paying a state income tax. Out-of-state tourists are investing in Florida, spending money across the state, that means that’s increasing our tax base. So, it’s very important that VISIT FLORIDA is funded to help market the state across the country and the world.”
-Director Ken Lawson
CEO, Florida Department of Economic Opportunity
Director Lawson, Florida’s top economic development leader, also shared the importance of not letting the Qualified Targeted Industries (QTI) program sunset.
“QTI is a great tool for small, medium and large communities across Florida. This tool causes companies to create jobs in aerospace, finance and diversified areas,” he explained about the program that allows job creators who invest in their business, create jobs and pay their taxes, to seek tax refunds based on their investment.
Director Lawson also highlights how DEO is playing a vital role in helping with long-term hurricane disaster recovery.
“Under Governor DeSantis’s leadership, DEO is fully committed to long-term disaster recovery, ensuring they put funds out across the State of Florida,” Lawson said. “With Hurricane Irma, we awarded $300 million so far, with Hurricane Michael we are working on our state action plan.”
Call, Text, Email Your Lawmaker
Florida’s businesses need your support. Reach out to your lawmakers and encourage them to support continuing Florida’s QTI program and VISIT FLORIDA. Find your Representative HERE. Find your Senator HERE.
The Florida Chamber also has a goal for every community to have resiliency plans in times of natural disaster. Tell us HERE about your community’s resiliency plan.