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Subsidy Tracker Individual Entry

Company: Hussman Institute for Human Genomics (University of Miami Miller School of Medicine)
Parent Company: Hussman Institute for Human Genomics
Subsidy Source: state
Location: Florida
City: Miami
Project Description: research institution
Year: 2008
Major Industry of Parent: healthcare services
Specific Industry of Parent: biomedical research
Subsidy Value: $80,000,000
Subsidy Value in 2023 Dollars: $113,818,873
Program Name: Innovation Incentive Fund
Awarding Agency: Enterprise Florida
Type of Subsidy: 
MEGADEAL (Archived)

Number of Jobs or Training Slots: 300
Wage Data: $62000
Wage Data Type: average annual salary
Source of Data: The value of the subsidy package and the job and wage projections are taken from Brian Bandell, "UM gets $80M for genetic research," South Florida Business Journal, February 1, 2008; available online at; (click here)
Notes: The state committed to the University of Miami, a private institution, $80 million through the Innovation Incentive Grant program for establishing the Miami Institute for Human Genomics (later the Hussman Institute). The total value of the package does not include an equal match by the University and its donors and $37 million annually from the federal government for research. The award is also listed in the main Subsidy Tracker data under the Innovation Incentive Fund.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.