Florida growth fund indeed growing, but economic benefits uncertain

in Uncategorized by

A move to put state pension money into Florida tech companies has taken off, with the investment increasing six-fold in size in three years and growing to $500 million, but it’s still hard to tell if it had its intended effect: boosting the state’s economy, a state review has found, reports David Royse of the News Service of Florida.

Lawmakers in 2008 created the Florida Growth Fund with the aim of investing some of the state’s massive pension fund in high-tech startups and growth companies here in Florida. The thinking was that the retirement fund

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.