The Office of Tourism, Trade, and Economic Development and the Scripps Florida Funding Corporation are meeting statutory and contractual requirements related to the Scripps Florida research facility. In addition, the corporation is implementing reasonable contract management and monitoring processes.
The corporation's latest annual report to the Legislature and the Governor provides relevant information on Scripps Florida's performance and the development of Florida's biotech cluster. During Fiscal Year 2008-09, Scripps Florida hired 116 employees, of whom 45 were Florida residents. As of June 30, 2009, Scripps Florida had been awarded $129,218,388 in research grants since establishing operations in Florida. Funds expended by Scripps Florida and its partners in Fiscal Year 2007-08 had an estimated economic impact of $168.5 million on the state's gross domestic product and sustained an estimated 1,327 jobs.
Given that the state will continue to disburse funds to Scripps Florida until 2014, we recommend that the Legislature retain statutory authority for the corporation.

Florida's Biotechnology Industry Is Expanding; Cluster Growth Continues to Slowly Progress
Report 13-06 March 2013
Biotechnology Clusters Developing Slowly; Startup Assistance May Encourage Growth
Report 10-05 January 2010
Scripps Funding Corporation Meets State's Statutory and Contractual Requirements
Report 06-61 September 2006
Several Issues Important in Redesigning Business Recruitment and Expansion Tax Refund Programs
Report 04-83 December 2004

Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.