summary
Introduced
02/26/2025
02/26/2025
In Committee
03/05/2025
03/05/2025
Crossed Over
Passed
Dead
06/16/2025
06/16/2025
Introduced Session
2025 Regular Session
Bill Summary
An act relating to regional planning and economic development; amending s. 20.60, F.S.; revising provisions relating to the creation of the Department of Commerce and its powers and duties; establishing the Office of Secure Florida within the department for specified purposes; amending s. 187.201, F.S.; revising economic policies of the state comprehensive plan to promote entrepreneurship from certain business startups; amending s. 120.52, F.S.; revising definitions; reenacting s. 57.111(3)(f), F.S., relating to civil actions and administrative proceedings initiated by state agencies; reenacting s. 216.241(3), F.S., relating to expenditure of certain revenues; amending s. 212.08, F.S.; removing a provision prohibiting the issuance of a temporary tax exemption certificate after a specified date; amending s. 253.025, F.S.; providing applicability; amending s. 288.001, F.S.; revising the composition of the statewide advisory board of the Florida Small Business Development Center Network; amending s. 288.0065, F.S.; revising the content requirements of the department's annual incentives report; amending s. 288.0656, F.S.; revising definitions relating to the Rural Economic Development Initiative; requiring the designation of a certain representative by a specified date; creating s. 288.06562, F.S.; creating the Rural Accelerator Program within the department for a specified purpose; requiring that the department accept grant applications from rural communities and collaborate with the Florida Regional Economic Development Association in review of such applications; requiring funds to be appropriated from the Rural Infrastructure Fund for specified purposes; authorizing grant recipient reimbursement in certain instances; authorizing the department to adopt rules; defining the terms "rural community" and "catalyst site"; amending s. 288.1229, F.S.; revising composition requirements of the Florida Sports Foundation; amending s. 288.124, F.S.; revising provisions relating to the convention grants program established by the Florida Tourism Industry Marketing Corporation; providing a directive to the Division of Law Revision; amending s. 288.702, F.S.; revising a short title; amending s. 288.703, F.S.; defining the term "business enterprise in an economically disadvantaged area"; revising definitions; amending s. 288.705, F.S.; revising provisions relating to the use of the statewide contracts register and who the Small Business Development Center is required to coordinate with regarding such use; revising report requirements; repealing s. 288.706, F.S., relating to the Florida Minority Business Loan Mobilization Program; revising legislative findings; repealing ss. 288.7094, 288.7102, 288.71025, 288.7103, and 288.714, F.S., relating to the Black Business Loan Program; amending s. 288.776, F.S.; revising composition requirements for the board of directors of the Florida Export Finance Corporation; creating s. 288.9628, F.S.; providing legislative findings; establishing within the Department of Commerce the Research, Innovation, Science, and Engineering Investment Tax Credit Program; providing the purpose of the program; requiring the department to coordinate with the State Board of Administration in implementing the program; providing definitions; providing for the application process; establishing content requirements of application; requiring applicants to update their applications; establishing funding limitations under the program; listing eligibility and application requirements for a qualifying private fund; providing a funding limitation for a qualifying private fund; authorizing the Department of Revenue to issue tax credits to eligible qualifying investments; providing a fund limitation; authorizing the tax credits issued to be applied against corporate income tax liability; authorizing a qualifying private fund to sell or transfer tax credits issued under the program; providing election requirements; prohibiting the selling or transferring of tax credits that have not yet been issued; authorizing the Department of Commerce to revoke or modify its determination to grant tax credits in certain instances; requiring the department to notify the Department of Revenue of such action; requiring a qualifying private fund to submit an annual report for a specified time period to remain eligible to receive tax credits; providing report requirements; providing construction; requiring the Department of Commerce to include in its annual incentives report, beginning on a specified date, certain information about the program; authorizing the department to adopt rules; amending s. 290.0056, F.S.; revising the types of business enterprises that the enterprise zone development agency may invest in via community investment corporations; amending s. 331.302, F.S.; providing construction; amending s. 331.351, F.S.; revising legislative intent; requiring Space Florida to involve and use business enterprises in economically disadvantaged areas as it relates to spaceport development; amending s. 445.004, F.S.; revising membership composition of CareerSource Florida, Inc.; amending s. 445.007, F.S.; revising composition of local workforce development boards; removing a provision requiring a certain consideration when appointments are made to any committee established by the board; amending s. 445.08, F.S.; revising eligibility requirements for newly employed officers to receive and retain bonus payments; removing an expiration date; amending s. 447.203, F.S.; revising the term "managerial employees"; authorizing counties and municipalities to enter into agreements to create regional planning entities pursuant to specified law; providing a directive to the Division of Law Revision; repealing ss. 186.501, 186.502, 186.503, 186.504, 186.505, 186.506, 186.507, 186.508, 186.509, 186.511, 186.512, and 186.513, F.S., relating to the Florida Regional Planning Council Act; repealing s. 186.515, F.S., relating to the creation of regional planning councils under chapter 163; amending s. 120.525, F.S.; removing provisions relating to meetings of regional planning councils; amending s. 163.3164, F.S.; removing the term "regional planning agency" from the Community Planning Act; amending s. 163.3184, F.S.; revising definitions; revising provisions relating to the expedited review process for the adoption of comprehensive plan amendments; amending s. 163.3245, F.S.; revising provisions relating to sector plans; amending s. 186.003, F.S.; removing the term "regional planning agency" from the Florida State Comprehensive Planning Act of 1972; amending s. 186.006, F.S.; revising the powers and responsibilities of the Executive Office of the Governor; amending s. 186.007, F.S; revising provisions relating to state comprehensive plan preparation and revision; amending s. 215.559, F.S.; revising provision regarding funding priority to projects in certain regional planning council regions; amending s. 252.385, F.S.; revising the content requirements for statewide emergency shelter plans; amending s. 320.08058, F.S.; removing a provision providing specified proceeds to the Tampa Bay Regional Planning Council; amending s. 338.2278, F.S.; removing regional planning councils from the taskforce created under the Multi-use Corridors of Regional Economic Significance Program; amending ss. 369.303 and 369.307, F.S.; revising provisions relating to the Wekiva River Protection Area; repealing s. 369.324, F.S., relating to the Wekiva River Basin Commission; amending s. 380.05, F.S.; revising provisions relating to areas of critical state concern; amending s. 380.045, F.S.; removing regional planning councils from resource planning and management committee representation; reenacting s. 380.0552(6), F.S., relating to the Florida Keys Area; amending ss. 403.7225 and 403.723, F.S.; replacing regional planning councils with the Department of Environmental Protection for purposes of hazardous waste management assessments and facilities; amending s. 403.503, F.S.; removing the term "regional planning council" from the Florida Electric Power Plant Siting Act; amending s. 403.522, F.S.; removing the term "regional planning council" from the Florida Electric Transmission Line Siting Act; amending s. 408.033, F.S.; revising provisions relating to local health councils; amending s. 420.609, F.S.; revising the composition of the Affordable Housing Study Commission; amending ss. 17.11, 24.113, 120.65, 163.3177, 163.3178, 163.568, 164.1031, 186.008, 186.803, 218.32, 255.101, 255.102, 255.20, 258.501, 260.0142, 287.012, 287.042, 287.055, 287.057, 287.0931, 287.094, 287.0943, 287.09431, 287.09451, 287.0947, 288.1167, 288.12266, 288.7015, 288.7031, 288.975, 290.004, 290.0057, 320.63, 334.045, 335.188, 338.227, 339.155, 339.175, 339.2821, 339.63, 339.64, 341.041, 343.54, 373.309, 373.607, 376.84, 380.055, 380.06, 380.061, 380.0651, 380.07, 380.507, 381.986, 403.0752, 403.50663, 403.507, 403.518, 403.526, 403.5272, 403.5363, 403.5365, 403.537, 403.704, 403.7226, 403.9403, 403.941, 403.9422, 403.973, 501.171, 625.3255, 627.3511, 657.042, 658.67, 957.09, 1001.706, 1013.30, and 1013.46, F.S.; conforming provisions to changes made by the act; amending ss. 212.055, 212.096, 339.285, 373.415, 376.3072, 377.703, 378.411, 380.031, 403.5115, 409.901, 440.45, 473.3065, 641.217, 947.02, 947.021, and 1004.435, F.S.; conforming cross-references; providing an effective date.
AI Summary
This bill reforms Florida's approach to regional planning and economic development. Here's a comprehensive summary:
This bill restructures various aspects of Florida's economic development framework, focusing on supporting small businesses and enterprises in economically disadvantaged areas. The legislation makes several key changes, including creating the Rural Accelerator Program to facilitate grant funding for rural communities, establishing the Research, Innovation, Science, and Engineering (RISE) Investment Tax Credit Program to increase venture capital investment, and eliminating references to regional planning councils while allowing counties and municipalities to create regional planning entities.
The bill replaces terminology related to "minority businesses" with "businesses in economically disadvantaged areas," broadening the definition of which businesses can receive support. It creates a new definition for "business enterprise in an economically disadvantaged area" based on per capita income and unemployment rates, rather than racial or gender classifications.
Key provisions include:
- Establishing the Office of Secure Florida within the Department of Commerce
- Creating the Rural Accelerator Program to help rural communities identify and prepare catalyst sites for economic development
- Implementing a new tax credit program (RISE) to encourage venture capital investment in Florida businesses
- Repealing existing laws related to regional planning councils
- Modifying various state agencies' approaches to business development and support
- Changing certification and procurement requirements for businesses
The legislation aims to modernize Florida's economic development strategies, remove outdated terminology, and create more flexible support mechanisms for businesses in economically challenged areas. It represents a significant shift in how the state approaches business development, moving away from race-based classifications to a more geography and economic-condition-based approach.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Died in Commerce Committee, companion bill(s) passed, see CS/CS/CS/SB 1662 (Ch. 2025-155), SB 2502 (Ch. 2025-199) (on 06/16/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2025/1125 |
| BillText | https://www.flsenate.gov/Session/Bill/2025/1125/BillText/Filed/PDF |
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