Tag: Sanford Burnham Prebys Medical Discovery Institute

Scott PowersJanuary 23, 2018
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11min668
After watching the county’s biggest tax incentives package turn into its biggest economic development bust, Orange County on Tuesday began in-depth deliberations with at least two and possibly more players offering to salvage a heavily-subsidized Lake Nona biomedical research laboratory that is soon to be departed by Sanford Burnham Prebys. On Tuesday the Orange County […]

William PatrickDecember 2, 2016
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6min347
Ten years to create 303 jobs. That straight-forward commitment was a core aspect of an agreement that allowed a California-based biotech nonprofit to secure $350 million in state and Orlando-area taxpayer support. It didn’t happen. Penned in 2006, time has now run out on Sanford Burnham Prebys Medical Discovery Institute’s deal with the state. It’s […]

Terry RoenNovember 28, 2016
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4min163
Sanford Burnham Prebys Medical Discovery Institute claims that it does not owe half of the $155 million it received as an incentive to move to Florida, while the state has not backed down on its demand for a payback. The Florida Department of Economic Opportunity (DEO) still wants the Lake Nona research facility to return […]

Terry RoenNovember 1, 2016
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5min218
Sanford Burnham Prebys Medical Discovery Institute has two weeks to return $77.6 million in taxpayer money it received as an incentive to build a Central Florida research center. However, the nonprofit research center has balked at the demand and claims they should not be required to repay the state. The Florida Department of Economic Opportunity […]


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