Summary of Findings
Our examination disclosed that SCIDA officials have not established formal criteria which can be applied consistently for selecting firms or businesses receiving sponsorship and economic development incentives. In addition, SCIDA does not have systems in place to adequately verify project application information. SCIDA officials do not attempt to evaluate project performance to see if the businesses are producing benefits to the community as intended or if benefits should be recaptured. Finally, SCIDA officials do not compare estimated sales tax exemptions at application to actual sales tax exemptions reported by sponsored businesses.
costeubenida.pdf
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