Subsidy Tracker Individual Entry

Company: 
Burnham Institute for Medical Research
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: 
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