The state of Florida has committed $1.7 billion to job-creation grants since 1995. But while officials expected 224,286 new jobs in return, only 73,669 were actually created, according to reports filed by the Orlando Sun-Sentinel.
Roughly 43%, or $754.2 million worth, of the state's commitments were paid out, in exchange for just 33% of the jobs promised by recipients, the Sun-Sentinel says.
Several Gulf Coast companies featured prominently in new information released by the state's Department of Economic Opportunity last week, including:
• Jabil Circuit Inc., which received $12.4 million to create 854 new jobs, but failed to add any new employees;
• Gartner Inc., a Lee County firm that received $1.2 million for 400 jobs, but added none;
• Household International, a Hillsborough County firm given $100,000 to create 520 call center-based jobs (the company ended up eliminating 233 positions);
• ABR Benefits Services in Pinellas, which received $175,000 for 900 jobs, but only added 204; and
• Mustang Vacuum Systems, which got $540,000 for 125 Manatee County jobs, but added just 26.