Press Room - Hardee County Economic Development Council

August 24, 2006

PRESS RELEASE: Economic Development Bill Package Signed into Law

On Tuesday, Hardee County signed series of new economic development initiatives to bolster Florida's Innovation Economy. The new legislation creates the 21st Century Technology, Research, and Scholarship Enhancement Act, the Innovation Incentive Program, and Space Florida, and provides significant tax exemptions for machinery and equipment used for research and development and manufacturing. During times of abundance, it is smart to reinvest some of these one-time revenues back into our economy to attract capital investment and create high wage jobs that, in turn, generate recurring revenue for state and local government.