Hialeah's Banah International Group filed for Chapter 11 bankruptcy Friday adidas superstar rainbow black , a year after it was approved for $430,000 in tax incentives, reports the New York Times -- and a year after none of the
agencies awarding such incentives apparently noticed a convicted drug dealer was
running the company, or that it was facing four lawsuits for nonpayment and had
been slapped with an IRS lien.
Instead, when Banah chairman Alexander I. Perez promised to bring almost 300 jobs to a new 300,000-square foot
headquarters in Hialeah, he got help securing both local and state incentives
from the county, its Beacon Council economic development group, and the state's
Enterprise Florida.
The deal was heralded: a street in Hialeah was renamed Banah Sweet Way with Miami-Dade Mayor Carlos Gimenez, Commissioner
Rebeca Sosa, and Hialeah Mayor Carlos Hernandez present. Then-U.S. Rep. David
Rivera even gave Perez a congressional certificate for "outstanding and
invaluable service to the community adidas superstar rainbow white ," reports Miami New Times, the duo posing in Washington, D.C. with Congresswoman Illeana Ros-Lehitinen and Congressman
Mario Diaz-Balart.
But on Friday, Banah reported in Chapter 11 filings that it owes between $1,000,000 and $10,000,000 to 232 people and companies,
according to the Miami Herald, and has just 15 employees. A promised job fair
was never held.
Though officials told the Times that Banah hadn't yet received any of the tax breaks, the misstep is the latest vetting embarrassment
for Enterprise Florida adidas superstar rainbow paint splatter , the public-private economic development arm of the state that Governor Rick Scott expects to help him
deliver on his campaign promises of job creation. Scott has asked for roughly
$300 million in incentives, an increase from the previous budget of $110
million, just as the group faced withering questions from lawmakers about
whether or not it can justify its own existence. A report this month by
Integrity Florida revealed that Enterprise Florida has doled out roughly $1.7
billion since its creation in 1995, but has delivered just 103,544 jobs -- only
half of its target, and eight years late. Author Resource:- After the well-publicized bankruptcy of Digital Domain, a Port St.
Lucie animation company that received a whopping $20 million in incentives from
the state, Enterprise Florida promised a better vetting process. But when Perez
failed to disclose his four-year stint in federal prison or the ensuing
probation that ended in 2009, no one at the county or state level apparently
checked into Perez or his company enough to notice. Banah Sugar.
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