Subsidy Tracker Individual Entry
Company:
Vaccine & Gene Therapy Institute
Parent Company:
Vaccine & Gene Therapy Institute
Subsidy Source:
multiple
Location:
Florida
City:
Port St. Lucie
County:
St. Lucie
Project Description:
research institution
Year:
2008
Major Industry of Parent:
healthcare services
Specific Industry of Parent:
biomedical research
Subsidy Value:
$117,800,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
MEGADEAL 
Number of Jobs or Training Slots:
200
Wage Data:
$60000
Wage Data Type:
average annual salary
Source of Data:
The value and the breakdown of the subsidy package and the job and wage projections are taken from: The Florida Senate Interim Report 2009-107, "Review of OTTED's Oversight of the Innovation Grant Program," October 2008, p.5; available online at: http://archive.flsenate.gov/data/Publications/2009/Senate/reports/interi....
Notes:
The package includes state and local subsides. The state committed $60 million from the Innovation Incentive Program. The city committed $53 million in infrastructure improvements. Another $4.8 million in property tax abatements and rebates came from the city and the county. Overlaps with main Subsidy Tracker data: $60 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.
