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Office of Economic & Demographic Research
The Florida Legislature

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Local Government Economic Development Incentives

Sections 125.045 and 166.021, F.S., impose economic development reporting requirements on county and municipal governments. By January 15th of each year, each county government shall report to the Office of Economic and Demographic Research (EDR) the economic development incentives in excess of $25,000 paid to businesses during the previous local fiscal year. Each municipal government having annual revenues or expenditures greater than $250,000 shall also report the economic development incentives in excess of $25,000 paid to businesses during the previous local fiscal year. Please note that municipal governments having annual revenues or expenditures less than $250,000 are exempt from this reporting requirement. Pursuant to law, county and municipal governments must report their economic development incentives in the format specified by EDR.

The statutory reporting deadline for completing the online FY 2023-24 survey was Wednesday, January 15, 2025. The reporting deadline was extended to February 14, 2025. Both deadlines have now passed; therefore, the online survey has been closed.

Twenty-two counties and 259 municipalities did not report and are not in compliance with this reporting requirement.

 

Additionally, ss. 125.045(4) and 166.021(8)(d), F.S., require that a contract between a county's or municipality's governing body, or other entity engaged in economic development activities on behalf of the local government, and an economic development agency must require the agency or entity receiving county or municipal funds to submit a report to the local government's governing body detailing how the funds were spent and the results of the economic development agency's or entity's efforts on behalf of the local government. Pursuant to law, the county or municipal government must post its EDO report on its website by January 15th of each year. Furthermore, an electronic copy of the EDO report should be emailed to EDR. Please email the EDO report to Steven O'Cain, EDR Analyst, at ocain.steve@leg.state.fl.us .

 

Last Revised: February 27, 2025