Cuts in Enterprise Florida incentives spark concerns

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The Florida Legislature’s decision not to fund a key economic development tool could hamper future deals like ones that led to major corporate expansions in Brevard County, local officials say.

The incentive — known as the Quick Action Closing Fund — provided Gov. Rick Scott with flexibility to offer cash to companies looking to expand in Florida, and was considered a handy tool in the state’s economic development toolbox for competitive projects.

But it was controversial, as were some of the operations of the state’s main economic development organization, Enterprise Florida Inc.