Subsidy Tracker Individual Entry

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.