Florida Job Growth Grant Fund (FJGGF)

How does the Florida Job Growth Grant Fund affect Florida businesses?

The Florida Job Growth Grant Fund (FJGGF) is a government program to boost economic growth by funding workforce training and public infrastructure projects supporting business expansion. Florida governments use this fund as a financial incentive to attract new businesses, help existing businesses grow, and create job opportunities for Floridians.

When a business benefits from the FJGGF, it can capitalize on improved infrastructure or workforce training, increasing productivity and competitiveness. In addition, companies seeking to expand or relocate to Florida may find the FJGGF attractive, as it lowers the cost of doing business and fosters a more skilled workforce. Ultimately, the FJGGF supports the overall business climate in the state, promoting economic growth and job creation.

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Which Florida laws and regulations apply to the FJGGF?

The FJGGF was established under Florida law through House Bill 1A in 2017 with administrative oversight from the Florida Department of Economic Opportunity (DEO) and Enterprise Florida, Inc. (EFI). The legislation specifies the purpose, scope, and eligibility criteria for projects seeking FJGGF funding, as well as the roles of the DEO and EFI in managing the program. The DEO and EFI evaluate proposals, award funding, and monitor the progress and performance of funded projects to ensure compliance with state law and program guidelines.

Which Florida businesses qualify?

Businesses must meet the following criteria:

• Targeted Industry: The business must operate within one of Florida’s targeted industries, such as aviation, aerospace, life sciences, manufacturing, or technology;
• Regional Alignment: The business’s project must align with regional workforce and economic development strategies, contributing to the region’s overall economic growth;
• Return on Investment: The business must demonstrate a positive return on investment for the state, ensuring that the FJGGF’s financial support will benefit Florida’s economy; and
• Infrastructure and Workforce Training: The business’s project should improve public infrastructure or workforce training initiatives, enhancing the company’s competitiveness and growth potential.

When a set of facts is appropriate to meet the requirements of the Florida job growth grant fund, there are many paths a claimant may take. We are value-based attorneys at Jimerson Birr, which means we look at each action with our clients from the point of view of costs and benefits while reducing liability. Then, based on our client’s objectives, we chart a path to seek appropriate remedies.

To determine whether your unique situation may necessitate litigation, please contact our office to set up your initial consultation.

What are the strategic benefits for qualifying Florida businesses?

• Financial Support: The FJGGF provides funding for infrastructure and workforce training projects, reducing the financial burden on businesses and increasing their capacity to grow.
• Competitive Edge: By improving infrastructure or developing a skilled workforce, businesses can gain a competitive advantage in their industry, positioning themselves for long-term success.
• Attracting Talent: Enhanced workforce training programs can help businesses attract and retain skilled employees, ensuring a capable workforce that drives growth.
• Economic Growth: The FJGGF encourages job creation and business expansion, contributing to the overall economic growth of the state and benefiting all Florida businesses.
• Increased Visibility: By receiving FJGGF funding, businesses can increase their visibility within the state and industry, potentially attracting investors, customers, and partners.
• Collaborative Opportunities: As businesses benefit from the FJGGF, they may find opportunities to collaborate with other funded businesses or organizations, fostering innovation and expanding their network.

Please contact our office to set up your initial consultation to see what actions or defenses may be available for your unique situation.

Frequently Asked Questions

1. How can businesses apply for the Florida Job Growth Grant Fund?

To apply for the Florida Job Growth Grant Fund (FJGGF), businesses must apply through the Enterprise Florida website, including a detailed proposal that outlines the project’s scope, targeted industry, and alignment with regional economic development strategies. In addition, the application process may require additional supporting documentation, such as financial statements and job creation projections.

2. How does the FJGGF benefit local communities in Florida?

The FJGGF supports local communities by promoting economic development, job creation, and business expansion in targeted industries. By funding infrastructure improvements and workforce training initiatives, the FJGGF helps to attract new businesses and retain existing ones, contributing to the community’s overall economic growth and prosperity.

3. Are there any limitations or restrictions on the use of FJGGF funds?

FJGGF funds are for projects that focus on public infrastructure improvements or workforce training initiatives in targeted industries. The funds cannot be used to acquire land, buildings, or other real estate or purchase equipment, furniture, or fixtures. Additionally, funds must exhaust within a specified timeframe, and businesses must demonstrate progress in their projects to continue receiving funding.

Have more questions about an economic development-related situation?

Crucially, this overview of the Florida job growth grant fund does not begin to cover all the laws implicated by this issue or the factors that may compel the application of such laws. Every case is unique, and the laws can produce different outcomes depending on the individual circumstances.

Jimerson Birr attorneys guide our clients to help make informed decisions while ensuring their rights are respected and protected. Our lawyers are highly trained and experienced in the nuances of the law, so they can accurately interpret statutes and case law and holistically prepare individuals or companies for their legal endeavors. Through this intense personal investment and advocacy, our lawyers will help resolve the issue’s complicated legal problems efficiently and effectively.

Having a Jimerson Birr attorney on your side means securing a team of seasoned, multi-dimensional, cross-functional legal professionals. Whether it is a transaction, an operational issue, a regulatory challenge, or a contested legal predicament that may require court intervention, we remain tireless advocates at every step. Being a value-added law firm means putting the client at the forefront of everything we do. We use our experience to help our clients navigate even the most complex problems and come out the other side triumphant.

If you want to understand your case, the merits of your claim or defense, potential monetary awards, or the amount of exposure you face, you should speak with a qualified Jimerson Birr lawyer. Our experienced team of attorneys is here to help. Call Jimerson Birr at (904) 389-0050 or use the contact form to schedule a consultation.