Florida Job Growth Grant Fund kicks off

The Florida Department of Economic Opportunity and Enterprise has begun collecting proposals for the "Florida Job Growth Grant Fund," CBS Miami reported. 

The fund is backed by $85 million contributed by lawmakers and is designed to attract a greater number of businesses to the state and as a result boost job creation.

Under the program, any money awarded must go toward either job training programs or public infrastructure works, the source explained. Applicants must detail how their proposed initiatives will benefit businesses and the community as well as provide an estimation of how many new jobs could potentially be created through the proposed projects. 

"We are competing against other states and countries for new jobs, and we must aggressively fight to make Florida the best destination for business," said Florida Governor Rick Scott in a statement. 

The fund kicks off following data released by ADP that showed that Florida added just 13,500 private-sector jobs last month, down 31 percent from June 2016, the SunSentinel reported. However, the state's job growth rate has outpaced the national rate since May 2012. Florida also added the second-highest number of total jobs in June in the country, trailing only behind Texas. 

The fund is backed by $85 million contributed by lawmakers.