Enterprise Florida Loses Portion of Funding
Due to Slack Car Rentals in Florida

The economy continues to force budget reductions in economic development. The latest victim is Enterprise Florida, one of the nation's most innovative statewide economic development organizations. A part of Enterprise Florida's budget comes from rental car charges collected by the state. Car rental activity has been reduced significantly because of tourism's decline in Florida since 9/11. In January, Enterprise Florida lost $1.6 million of its current $14.4 million budget due to a shortfall in dollar-a-day surcharges collected on rental cars.

Go here to read more about this unfortunate situation.