FL S0426

Restructures workforce development governance by establishing a state board as the primary policy-making entity while maintaining CareerSource Florida, Inc. as the administrative implementation organization.

Increases maximum annual grant funding for regional economic development organizations from $150,000 to $250,000 for organizations serving entire rural opportunity regions, and requires matching grants use 25 percent match instead of equivalent matching funds.

Grants the Department of Economic Opportunity executive director a seat on the Florida Development Finance Corporation board and establishes performance standards for the corporation to be reported annually.

Raises the maximum infrastructure grant award from 30 percent to 50 percent of total project costs and adds broadband Internet service improvements as an eligible infrastructure project when conducted through competitive partnerships.

Requires contracts involving grant expenditures to be posted on regional economic development organizations' websites for 14 days before execution, with plain-language summaries for contracts exceeding $35,000.