Over a year ago, Rick Scott praised Altair Training Solutions Inc. and took the opportunity for a photo-op.
From News-Press’ Melanie Payne, 12/04/16:
Assassin was the name Enterprise Florida Inc. gave to its deal with Altair Training Solutions Inc., a company with facilities in Hendry and Collier counties that offers training for law enforcement and military combat personnel. Financed by private investors, Altair sought to purchase a shuttered prison complex in Hendry County and expand its operations. And it turned to the state and county for incentives. …
Altair’s owners, Michelle and Brian Jones, said they would bring 150 jobs, with an average annual salary of more than $62,000, to Hendry County. In their desire to lure the company away from Texas and Arizona, where the owners said they were considering moving, the state and county overlooked signs that the company was little more than a pipe dream. They also overlooked the owners’ troubling financial history and that they had no secured contracts necessary to meet $4.5 million in loan obligations.
And just 18 months after the state and county provided incentives, lenders foreclosed on the $3.7 million property purchased in Hendry County, the state terminated Altair from the tax incentive program and the company became delinquent in its property taxes in Hendry County. …
It didn’t take long for the financial hammer to fall on Altair either. Within months of Gov. Rick Scott’s photo-op visit to the plant in May 2015 and Enterprise Florida’s report on its successful partnership with Altair, the property in Hendry County was in foreclosure.