Florida Biotech Incentive Lifeline Dries Up

Palm Beach Post -- The state’s Innovation Incentive Fund has financed the expansion of three high-powered biotechnology research centers in Florida, with two more on the way. But that was during two budget years when a generous legislature stocked the fund with $250 million and $200 million, respectively. This year, as the state looks for ways to trim the budget, the legislature may not be as charitable, one Senate committee chairman said. So far, the Senate is proposing only $25 million for the fund that helped put Florida on the biotech map. Read full article below.