Florida Proposes $75 Million for Startups. Gov. Jeb Bush wants the state to promote entrepreneurship and rely less on tourism.

In an effort to give Florida startups a boost, Gov. Jeb Bush has proposed that the state legislature earmark $75 million to provide startup and early-stage funding for fledgling companies.

The $75 million is part of a $630 million economic development package that the governor asked legislators to include in the 2006-2007 budget. The package is aimed at helping diversify Florida’s economy and reduce reliance on tourism. The state legislature has 60 days to respond from Bush’s March 7 State of the State address.

From: Inc.com By: Ted O’Callahan

Full Story: http://www.inc.com/criticalnews/articles/200603/florida.html