Building Florida's High-Tech Manufacturing Sector

As the global manufacturing industry shifts away from classically portrayed steel and car plants to a modernized approach of high-tech manufacturing; companies, countries, and states find themselves looking for a way to best position themselves to benefit from the future of manufacturing. Florida finds itself in a unique position to capitalize on an existing project that could help the state become a world leader in high-tech manufacturing for years to come.

The International Consortium for Advanced Manufacturing Research (ICAMR) is a public- private partnership that looks to expand Florida’s high-tech manufacturing sector. ICAMR recently broke ground on a location in the Florida Advanced Manufacturing Research Center (FAMRC) in Osceola County. The location will allow ICAMR to expand and create the opportunity for private business to locate research centers in the same area, creating a cluster effect. ICAMR plans to “develop innovative manufacturing processes, materials, and equipment for advanced sensors and other future high-tech products.” The project currently partners local governments, state universities, and the private sector (with plans to include state investment) creating an early entrance into the budding field of high-tech manufacturing.

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Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

Florida TaxWatch Provides Analysis of the Governor’s Property Tax Amendment and Legislation, Recommends Florida Taxation and Budget Reform Commission Lead Debate

The Florida Legislature is meeting in special session to consider Governor DeSantis’ proposed constitutional amendment and linked legislation to provide significant property tax relief to Florida homeowners. The proposal has many provisions, but the main ones would increase the homestead exemption to $150,000, beginning January 1, 2027, and then increase it to $250,000, beginning January 1, 2028. This exemption will apply to all property taxes. In addition, the cap on the annual increase in the assessment of non-homestead properties would be reduced from 10% to 5%, but this change would not apply to school property tax levies. Any property taxes remaining after the changes would be restricted to being used solely for core services such as public safety, education, infrastructure, debt, and retirement benefits.

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