Subsidy Tracker Individual Entry

Company: 
Scripps Research Institute
Parent Company: 
Scripps Research Institute
Subsidy Source: 
multiple
Location: 
Florida
City: 
Jupiter
County: 
Palm Beach
Project Description: 

nonprofit research institution

Year: 
2003
Major Industry of Parent: 
healthcare services
Specific Industry of Parent: 
biomedical research
Subsidy Value: 
$545,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
545
Source of Data: 

The value and details of the subsidy package are taken from: The Florida Senate, Interim Report 2009-107, October 2008; online at: http://www.flsenate.gov/data/Publications/2009/Senate/reports/interim_re... and Palm Beach County, Florida Annual Financial Audit Report, Fiscal Year Ended September 30, 2009; online at: http://www.myflorida.com/audgen/pages/county_efile%20rpts/2009%20palm%20...

Notes: 

The $545 million subsidy package for non-profit Scripps Research Institute included: $310 million from the state and $235 million from Palm Beach County. The state portion of the package came through federal funds it received under the Jobs and Growth Tax Reconciliation Act of 2003. The county's portion covered costs for land and construction. Other local entities also contributed unspecified amounts or in-kind contributions. The Palm Beach County Annual Financial Audit from 2009 put the number of required jobs at 2,777; the Florida Senate Interim Report from 2009 reported that the company had to have 545 jobs by 2019. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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