Rep. Soto calls upon House Leadership to form Fortune 1000 committee

in Uncategorized by

State Representative Darren Soto (D-Orlando) today detailed at length in his House floor speech the story of how Florida remains 11th in Fortune 500 Companies and called on House leadership to take specific steps to improve Florida? corporate presence. Representative Soto noted that Florida hosts 16 Fortune 500 companies, widely trailing the other three most-populous states of California (57 companies), Texas (57 companies) and New York (56 companies). ?his corporate achievement gap flies in the face of the jobs mantra of less taxes and less government,?said Representative Soto. ?hese numbers show that Florida? prioritization of corporate giveaways comes at the expense of long-term investments in education, infrastructure and other quality of life issues.? Rep. Soto also mentioned JetBlue? decision not to relocate to Orlando International Airport in his district due to such factors as an inadequate skilled workforce, good transportation infrastructure and availability of the arts and other entertainment. In response, he called on House leadership to form a ?ortune 1000 Committee?to examine this troubling Fortune 500 gap. ? humbly recommend that our speaker convene a House Fortune 1000 Committee over the summer to examine why this substantial gap exists, a gap of 40 Fortune 500 companies between our state and the other top three most-populated states,?he said. ?ore specifically, we need to examine why certain Fortune 1000 companies have moved to this state, why they have left, why Fortune 1000 companies who have seriously considered this state ultimately passed and the most monumental question: what it takes to grow Fortune 1000 companies at home. We have an opportunity to survey and truly get some answers so we can close this gap and base our budgetary and legislative decisions on facts rather than ideology.?]>

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including,,, 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.