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Biotech: Florida’s $759M has created 1,100 jobs so far (Burnham)

Posted by admin on Jan 20th, 2010 and filed under Lake Nona Med Center. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

902-bio-techIn 2003, lawmakers ponied up $310 million from the state’s incentive fund for high-tech projects for the Scripps Florida research facility in Palm Beach County, and later gave $155 million for the Burnham Institute for Medical Research at Lake Nona in Orlando. Other projects include a branch of the Max Planck Institute ($94 million), the Miami Institute for Human Genomics ($80 million) and four smaller centers.

When private and local funding is included, the eight biotechnology projects have received a total of $1.55 billion so far. That equates to $1.4 million in taxpayer expense per job created.

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