Economy

October 25, 2011

Tax breaks, incentives for companies in Florida haven't produced promised jobs

Florida has given tax breaks and other cash incentives to some of the world’s biggest companies in return for creating jobs. But, new data shows Florida has signed contracts worth $1.7 billion since 1995 in return for promises of 225,000 new jobs. But only about one-third of those jobs have been filled while the state has paid out 43 percent of the contracts.

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