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Tax dollars for local businesses

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Updated: 11/07/2013 11:49 pm
JACKSONVILLE, Fla.-- City leaders are handing out millions of dollars they hope will grow new jobs and opportunity.

Samara Maloney was downtown for an event with her daughter. It was unusually busy for a Thursday night. She thinks it could stay that way if more businesses move in. "It gives people the opportunity to relocate to a different area, see a different way of life," said Maloney.

To do that though, businesses need money. They go to the City of Jacksonville and millions of your tax dollars are handed out each year as incentives. We just learned the developer of the Laura Street Trio will be asking for millions to help build another hotel downtown. Two more companies are also now on the fast track for another million dollars to help create jobs.

But who's making sure these businesses deliver? According to a city audit, Jacksonville lost out on more than a hundred thousand tax dollars because of broken promises. The audit doesn't name names.

With so much at stake, we went to the mayor's office to find out how they plan to police the five million dollars in new incentives handed out just this year. "They don't receive money until they produce jobs or we get a return for taxpayers," said the mayor's spokesman Dave DeCamp.

Any incentive packages still have to be approved by city council.
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