Post by Logan on Jul 4, 2016 6:43:18 GMT -6
TALLAHASSEE -- The agency Gov. Rick Scott has prized as an essential job-recruiting tool took major steps in reforming itself Friday.
Just three months after the Legislature refused to give Scott $250 million to hand out as incentives to lure more companies to the state, Enterprise Florida’s board of directors agreed to a major shakeup that includes cutting 26 employees, reducing office space in Tallahassee and Miami, and eliminating its international footprint in markets like China and Japan where the return on investment was poor.
Those were among 14 actions taken Friday that officials say will cut the agency’s expenses by at least $4.7 million. The biggest savings come from cutting employees. The Enterprise Florida board estimates it will save more than $2.1 million by cutting staff.
The moves come just a week after the agency’s highly paid leader’s tenure officially ended a year before his contract was up. Bill Johnson, who earned $265,000 a year plus a $50,000 bonus, triggered a $132,500 severance package in his contract when Scott abruptly announced in March he would no longer lead Enterprise Florida. Johnson had a contract that was supposed to run through June 30, 2017.
Read more here: www.miamiherald.com/news/business/article87257447.html
Just three months after the Legislature refused to give Scott $250 million to hand out as incentives to lure more companies to the state, Enterprise Florida’s board of directors agreed to a major shakeup that includes cutting 26 employees, reducing office space in Tallahassee and Miami, and eliminating its international footprint in markets like China and Japan where the return on investment was poor.
Those were among 14 actions taken Friday that officials say will cut the agency’s expenses by at least $4.7 million. The biggest savings come from cutting employees. The Enterprise Florida board estimates it will save more than $2.1 million by cutting staff.
The moves come just a week after the agency’s highly paid leader’s tenure officially ended a year before his contract was up. Bill Johnson, who earned $265,000 a year plus a $50,000 bonus, triggered a $132,500 severance package in his contract when Scott abruptly announced in March he would no longer lead Enterprise Florida. Johnson had a contract that was supposed to run through June 30, 2017.
Read more here: www.miamiherald.com/news/business/article87257447.html