Economic development giveaways drop

Freebies are falling out of fashion as a means to lure new employers to Santa Rosa County.

The recent slowdown by county officials in bestowing money or other incentives, such as discounting the sale of government-owned property to prospective new employers, is in step with the current advice of some economists.

Job-recruiting sweeteners approved by the Santa Rosa County Commission fell to just $2,000 in the fiscal year 2013-2014 from $1.1 million the previous year, according to the latest statewide survey by the Florida Legislative Office of Economic and Demographic Research.

The decrease hasn’t hurt job growth hereabout. In fact, Santa Rosa gained employment at a faster pace in the 12 months ended Sept. 30, 2015, than either neighboring Escambia or Okaloosa counties, even though they awarded various companies $4.6 million and $722,000 respectively in the 2013-2014 fiscal year, the Tallahassee research shows.

Read the full article in the Nov. 19 issue of Navarre Press. Click HERE to subscribe for as little as $38 per year.

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