I wonder how many of these proposed future credits will be rewarded to Finny and Co. who own lots of Woodward properties and are developers of large subdivisions.

But I give credit to Freep for being the only newspaper that I have ever seen to actually spell out to the average citizen the process of the actual sale of the credits through a broker for cash to help fund or carry over the edge a property.

IMHO This is all becoming kinda fishy ,who will be left to fund these projects?
Hard money @ 16 to 18% interest based on after repaired value.
Venture Capital who will finance an idea to make it sellable to wall street.
Neither one is about creating the type of business outlined in the article a long term stable establishment ,they are all about get in maximize profit and get out not bothered about the aftermath left behind.

I wish I could have a taxpayer funded bank account.I agree there have been massive abuses in the credit disbursement process when it comes to enticing out of state companies to relocate or expand but it all has to pass state level anyways.

So here is another states example of using taxpayers money as an incentive to lure a more diversified company.

$100 million cap sounds like allot of money but is it really ?

Read this article and tell me why eliminating all of the proposed cuts are really beneficial to the tax payer. Is it really wise to do away with all incentives and then place what funds are available in a central bank controlled basically by two people? Is anybody really comfortable with that ?

At least some of those credits are controlled locally because the decisions directly impact local taxpayers and is a stop-gap keeping in the case of fraud detained to that local program and not hurting the entire state.

http://www.tampabay.com/news/busines...a-rich/1155323