Subsidy Tracker Individual Entry
Company:
Burnham Institute for Medical Research
Parent Company:
Sanford-Burnham Medical Research Institute
Subsidy Source:
multiple
Location:
Florida
City:
Orlando
County:
Orange
Project Description:
medical research facility
Year:
2006
Major Industry of Parent:
healthcare services
Specific Industry of Parent:
biomedical research
Subsidy Value:
$233,600,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
303
Wage Data:
$61054
Wage Data Type:
average annual salary
Source of Data:
The value of the state subsidy and the job and wage requirements are taken from: The Florida Senate Interim Report 2009-107, "Review of OTTED's Oversight of the Innovation Incentive Grant Program," October 2008; available online at: http://archive.flsenate.gov/data/Publications/2009/Senate/reports/interi.... The value of the local subsidy package is taken from the Orange County Government, Agenda_03-06-07_158, p. 156-160; available online at: http://apps.ocfl.net/eAgenda/archive/Agenda_03-06-07/Agenda_03-06-07.PDF
Notes:
The total value includes state and local subsides, but excludes private donations organized by the local governments. The state portion of the package includes $155.3 million from the Innovation Incentive Program. The county contributed $40.7 million and the city $32.7 million. The company received about $81 million from private donations but the county and the city agreed to contribute up to $5 million if there was a shortage in those donations. Overlaps with main Subsidy Tracker data: $155.3 million Innovation Incentive entry for 2006.
Source Notes:
If an online information source is not working, check the Tracker inventory page for an updated link.
