FL S1122

Creates the Florida Business and Workforce Competitiveness Trust Fund within the State Treasury, administered by the Department of Economic Opportunity, to support business growth and workforce training for changing skill requirements.

Distributes trust fund moneys to local workforce development boards to award incentive grants to employers who hire unemployment compensation claimants.

Funds the trust fund through a quarterly employment and training investment assessment of 0.1 percent of wages, imposed on employers paying unemployment contributions below the maximum 5.4 percent rate, effective July 1, 2018.

Designates CareerSource Florida, Inc., to establish administration guidelines, evaluation criteria for grant applications, and allocate funds to local workforce development boards.

Automatically terminates the trust fund 4 years after the effective date unless extended, subject to review requirements under state law.