Subsidy Tracker Individual Entry

Company: 
Hussman Institute for Human Genomics (University of Miami Miller School of Medicine)
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
Program Name: 
Innovation Incentive Fund
Awarding Agency: 
Enterprise Florida
Type of Subsidy: 
MEGADEAL
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; http://www.bizjournals.com/southflorida/stories/2008/01/28/daily54.html

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: 
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