Rick Scott’s favorite business incentive is losing money, Senate hears
Gov. Rick Scott’s favored economic incentive program – the Quick Action Closing Fund (QAC) – is now losing money, the Legislature’s chief economist told a Senate panel Wednesday. The QAC is a pot of cash that Scott can draw up to $2 million from without legislative approval to entice businesses to the state. But though the state’s “return on investment” from QAC projects was $1.10 per dollar four years ago, it’s now down to 60 cents per dollar, Amy Baker…