SCRIPPS FLORIDA

In November 2003, Governor Jeb Bush signed into law a historic piece of legislation that laid the framework for the Scripps Research Institute (TSRI) to expand its world-renowned scientific research and endeavors into Florida. The bill, passed by the Florida Legislature during special session, provides a one-time investment of $310 million, from federal stimulus monies, that will cover the start-up operations of the Scripps Florida campus during the first ten years. Scripps Florida will create unprecedented economic and educational opportunities in Florida and propel the state to the forefront of biomedical research and discovery.

The Scripps Research Institute, headquartered in La Jolla, California, is one of the world’s largest independent, non-profit biomedical research organizations. The faculty at this premier facility has been responsible for groundbreaking research in leukemia, ovarian cancer, Lou Gehrig’s disease, Alzheimer’s, and AIDS. Florida will leverage the Institute’s 42-year track record and advances in state-of-the-art technologies to build on the Sunshine State’s current biotech research capabilities.

Scripps Florida will create 6,500 new jobs during the next 15 years and position the state as a leader in biomedical research. An analysis conducted by two of Florida’s top economists predict the Scripps facility will generate about $1.6 billion in additional income to Floridians and boost the state’s Gross Domestic Product by $3.2 billion in the next 15 years.

As of January 2009, Scripps Florida began operation in its 345,000 square foot state-of-the-art permanent facility in Jupiter, Florida. Built in partnership with Palm Beach County, the three buildings reside on 30 acres near the Florida Atlantic University campus in northern Palm Beach County. By 2014, there will be at least 545 scientific and adminstrative staff working out of the facilities. Scripps Florida is the first major private science institute to expand to Florida to help develop the biotechnology and life science cluster.

To learn more about the biotechnology cluster developing around Scripps Florida, please visit the North Palm Beach County Life Science Corridor website.

SCRIPPS FLORIDA FUNDING CORPORATION

To oversee the investment and spending of the State’s investment in Scripps Florida, the Governor and the Florida Legislature created the Scripps Florida Funding Corporation, (SFFC), a nonprofit entity comprised of a nine-member Board.

The role of SFFC was enunciated by Governor Bush: “My vision for this board is that it manages the financial portion of our partnership, but lets Scripps do what it does best-conduct biomedical research.”

The funds appropriated to the State of Florida by the Jobs and Growth Tax Relief Reconciliation Act of 2003 and thereafter appropriated by the Florida Legislature to SFFC are disbursed to Scripps Florida in conformance with Florida Statute 288.955 (the “Enabling Statute”). The Enabling Statute created SFFC to facilitate the establishment and operation of a biomedical research institution for the purposes of enhancing education and research and promoting economic development and diversity.

In addition, the Enabling Statute charged SFFC with the obligation to assure the compliance by The Scripps Research Institute (TSRI) with the Enabling Statute and the agreement between SFFC and TSRI (the Operating and Funding Agreement). The Enabling Statute provides that SFFC shall prepare or obtain certain reports, audits, and evaluations of TSRI’s compliance with the performance expectations and disbursement conditions contained in the Enabling Statute.

Articles of Incorporation pdf file 71KB

By-Laws pdf file 84KB

Signed Funding and Program Agreement with OTTED pdf file 1.62 MB

Revised Business Plan for Scripps Florida pdf file 1MB

Operating and Funding Agreement between Scripps Florida Funding Corporation and The Scripps Research Institute pdf file 44KB

Amendment to Funding Agreement/Revised Schedules pdf file 98 KB

Seventh Annual Report to Governor, President of the Senate, and Speaker of the House for year ended September 30, 2010.Annual Report pdf file 669 KB

Appendices pdf file 1.22 MB

Meeting Information and Related Documents
The Audit Committee of the Scripps Florida Funding Corporation announces a public meeting to which all persons and interested media are invited, except as provided under Section 288.9551, Fla.Stat. (2003).

For more information on Scripps Florida, please click here.