FL S0572

Creates section 288.076, Florida Statutes, requiring the Department of Economic Opportunity to maintain a public website publishing detailed information about state investments in economic development programs.

Requires publication within 48 hours after confidentiality periods expire of project information including program details, maximum state investment, target industries, participant business location and size, job creation/retention goals, and total state investment disbursed.

Mandates annual updates to published project information and requires the department to publish Quick Action Closing Fund progress metrics, including average application processing time.

Directs the Office of Economic and Demographic Research to establish methodology and formulas for calculating project economic benefits, which the department must publish within 48 hours of receiving them.

Requires publication of contracts and reports concerning businesses failing to complete tax refund agreements under the qualified target industry tax refund program within 48 hours of submission; effective October 1, 2013.