Times Chart
Unmet promises
Two of Florida's incentive programs, the Qualified Target Industry Tax Refund and the Qualified Defense Contractor Tax Refund, allow preapproved companies to get tax refunds for creating at least 10 jobs with wages that are at least 115 percent of the average wage in the state, county or metropolitan area. The state usually pays 80 percent of the refund and local government the other 20 percent. The governor's office, which administers the programs, staggers the refunds over at least four years so companies get refunds only after paying taxes and meeting scheduled job and wage targets. Between 1994 and June 2004, the state certified 512 business projects under those two programs, according to a Times analysis. So far, only six of those projects have been completed, getting state tax refunds totaling $3.2-million. Of the remaining 506 projects, 294 are ongoing and 212 have been declared inactive by the state.
Here are 44 projects that got partial tax refunds for meeting part of their scheduled goals, then were declared inactive and ineligible for further refunds because they failed to meet additional job or wage targets:
Company County Paid by state
Agere Systems Orange $85,000
Agere Systems Orange $1,649,000
Althin Medical Inc. Dade $110,400
AmeriCredit Clay $166,400
Arthur Andersen LLP Sarasota $1,021,940
Atlantic Dry Dock Corp. Duval $198,360
AvBorne Heavy Maintenance Inc. Dade $211,281
Banco Popular Orange $126,920
Barnett Inc. Duval $214,800
Bear Stearns & Co. Inc. Hillsborough $181,600
Casi-Rusco Inc. Palm Beach $60,000
CGI Group Pinellas $79,899
CGI Group Pinellas $87,328
CGI Group Pinellas $116,227
Chep USA Orange $69,210
Creative Games International Inc. Hillsborough $23,369
CuraGen Corp. Alachua $36,000
Datametrics Corp. Orange $61,029
Dayco Products Inc. Marion $323,400
Household International Hillsborough $78,000
Humana Inc. Duval $694,000
InterVoice-Brite Seminole $176,000
Joseph E Seagram & Sons Inc. Palm Beach $236,483
Martin Marietta Corp. Orange $100,000
National Auto Finance Co. Duval $104,500
NEXTLINK Florida Inc. Dade $134,400
Northrop Grumman Corp. Duval $42,312
Northrop Grumman Corp. Martin $250,000
Oracle Corp. Orange $904,000
Oracle Corp. Orange $475,000
Oracle Corp. Orange $188,100
Oracle Corp. Orange $240,000
Pan American World Airways Inc. Dade $49,178
PricewaterhouseCoopers LLP Hillsborough $32,000
ProSource Inc. Dade $135,000
Proven Edge Inc. Pinellas $30,568
Regeneration Technologies Alachua $106,600
Rexall Sundown Inc. Palm Beach $46,875
Standard Motor Products Inc. Orange $32,256
Terra Networks Operations Inc. Dade $12,000
Tom's Foods Taylor $27,600
Uniroyal Optoelectronics Hillsborough $172,000
USBI Co. Brevard $21,825
Wartsila NSD North America Inc. Broward $29,400
$9,140,260

Close window