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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: 
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: (click here).
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.