The Jackson Laboratory announced today that it will withdraw its request for $100 million in start-up funding from the state of Florida for an a facility in Sarasota County.
Officials said they based their decision the limited ability of state government to assist in the development of such a large project.
"We were invited to submit a much-reduced proposal to the Florida Innovation Fund, but the amount available in that fund now, and the uncertainty of future funding, made such a venture too speculative to undertake responsibly," said Charle E. Hewett, Jackson's executive vice president.
"We are grateful to Governor (Rick) Scott and the Florida legislature for considering our proposal in the midst of a challenging legislative session. We respect that the state had to make difficult priority decisions in order to balance the budget this year. While we regret that we cannot pursue our project, we hold the state and its officials in the highest possible regard."
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Jackson had proposed building a biomedical research facility in Sarasota County. Partners in the project included the University of South Florida, Sarasota Memorial Health Care System and the Gulf Coast Community Foundation.
Hewett said that this would be "the final chapter" in Jackson's attempts to expand to Florida.
"We understand Florida’s budget situation, and we will turn our attention to other priorities," he said.
The Jackson Laboratory is an independent, nonprofit biomedical research institution based in Bar Harbor, Maine, with a facility in Sacramento, Calif. Its mission is to discover the genetic basis for preventing, treating and curing human diseases.