During the 2010 Regular Session, the Florida Legislature enacted Committee Substitute for Senate Bill 1752, relating to economic development, which was later codified as Chapter 2010-147, Laws of Florida.
This act imposes new economic development reporting requirements on county and municipal governments.
The new legislation requires that a contract between a local government (or an economic development agency acting on behalf of the local government) and an economic development agency or organization (EDO) must require the EDO to submit a report to the local government detailing how the funds were spent and the results of the agency's efforts.
The report includes areas of interest such as: amount of funds received from the local government; amount of funds received from private investors; administrative costs of the Walton County Economic Development Alliance; the number of businesses assisted by the EDO and the type of assistance.
The Walton County Economic Development Alliance was created in the 1990's to spearhead the diversification of the County's economy, attract new investments to to the region and create incremental jobs. We aim to provide local and prospective businesses with the tools and resources they need to achieve success.
For further information please visit the Walton County Economic and Development Alliance Website at: www.WCEDAFL.com