Subsidy 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: http://archive.flsenate.gov/data/Publications/2009/Senate/reports/interi.... 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: http://www.pbcgov.com/newsroom/0708/07-23-08_MaxPlanck.htm. 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: 
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