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MegadealsSubsidy Tracker Individual Entry
Company: Max Planck Florida Corporation
Parent Company:
Max Planck Florida Institute
Subsidy Source: multiple
Location: Florida
City: Jupiter
County: Palm Beach
Project Description: medical research facility
Year: 2008
Major Industry of Parent: healthcare services
Specific Industry of Parent: biomedical research
Subsidy Value: $193,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 135
Wage Data: $60000
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 Grant Program," October 2008, p.6; available online at:
(click here). The value of the county subsidy is taken from a July 23, 2008 press release issued by Palm Beach County, Public Affairs Department; available online at:
(click here). The additional subsides data is taken from: Stephen Pounds and Deana Poole, "Science Institute's size, Scripps link could cement aid," Palm Beach Post, September 11, 2007.
Notes: The package included state and local subsides, including: $94.1 million over 10 years from the state's Innovation Incentive Program for facility development, staff hiring and equipment purchase. Palm Beach County provided $89.9 million for the facility construction. Additional $9 million came in the form of construction fee waivers and temporary space. Overlaps with main Subsidy Tracker data: $94.1 million Innovation Incentive entry for 2007.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.