FloridaCommerce Highlights $300 Million Investment in Florida Businesses by the State Board of Administration

TALLAHASSEE, Fla.-FloridaCommerce is highlighting an additional $300 million investment in Florida businesses through the Florida Growth Fund by the State Board of Administration (SBA). This investment brings the total amount of capital allocated to Florida companies through the Florida Growth Fund to $1.5 billion.

"Under Governor DeSantis' leadership, Florida continues to prioritize investment in business and economic growth," said Secretary of Commerce J. Alex Kelly. "To date, capital committed through the Florida Growth Fund has supported 90 direct investments in Florida businesses and created over 38,000 jobs-this additional investment will only accelerate that momentum particularly with high-tech startups and entrepreneurs."

"The State Board of Administration is proud to support Florida businesses and grow Florida jobs through the Florida Growth Fund," said Executive Director Chris Spencer. "Florida's economy is among the fastest growing in the nation, and it provides attractive opportunities for great investment returns to support our mission of providing financial certainty to our public sector retirees."

The Florida Growth Fund is an investment mandate of the SBA, authorized under section 215.47(7), Florida Statutes.