News & Updates
Florida House Passes Increase in Minimum Statutory Seaport Funding
TALLAHASSEE, Fla. (February 3, 2016) – The Florida Ports Council released the following statement today on the passage of the FDOT Transportation Package by the full Florida House of Representatives (HB 7027), which included an increase in the minimum statutory amount for seaport funding, from $15 million to $25 million, for the Florida Seaport Transportation and Economic Development (FSTED) program. The FSTED program is administered by the Florida Ports Council.
“Long-term funding of strategic seaport projects is critical to securing new business and trade in Florida. The Florida House has further demonstrated their commitment to growing Florida’s economy and creating jobs by passing this guarantee of future seaport infrastructure,” stated Doug Wheeler, president and CEO of the Florida Ports Council. “Global businesses and manufacturers need to be able to trust that Florida is committed to freight infrastructure now and in the future and this language provides that reassurance and stability. We thank the Florida House of Representatives and Chairman Rooney for their support and leadership focused on further positioning Florida as a global competitor.”