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 seven 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.
Scripps Florida is currently operating from an interim 40,000-square-foot research facility at the Florida Atlantic University (FAU) Campus in Jupiter. Constructed through funding from Palm Beach County, the current facilities serve as home to the 168 scientific and support professionals employed by Scripps Florida.
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
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
Fourth Annual Report to Governor, President of the Senate, and Speaker of the House for year ended September 30, 2007.
Annual Report pdf file 1060 KB
Appendix A pdf file 84 KB
Appendix B pdf file 64 KB
Appendix C pdf file 1040 KB
Appendix D pdf file 139 KB
Meeting Information and Related Documents
The Investment 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).
DATE AND TIME: Thursday, October 9, 2008, 1:00 pm EST.
PLACE: Teleconference: (877) 870-8664, Passcode: 254482
GENERAL SUBJECT MATTER TO BE CONSIDERED: At this meeting, the Committee will review the March 21, 2008 and June 30, 2008 investment reports.
The date, time, and/or place are subject to change. Pursuant to Section 286.26, Florida Statutes, any disabled person wishing to participate in this meeting in order to request any needed special assistance should contact jenni.garrison@myflorida.com at least 48 hours in advance of the meeting.The Audit Comittee 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).
DATE AND TIME: Thursday, October 9, 2008, 2:00 pm EST.
PLACE: Teleconference: (877) 870-8664, Passcode: 254482.
GENERAL SUBJECT MATTER TO BE CONSIDERED: At this meeting, the Committee will review the March 21, 2008 and June 30, 2008 unaudited financial reports and the 2009 Scripps Florida Budget.
The date, time, and/or place are subject to change. Pursuant to Section 286.26, Florida Statutes, any disabled person wishing to participate in this meeting in order to request any needed special assistance should contact jenni.garrison@myflorida.com at least 48 hours in advance of the meeting.The Board of Directors 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).
DATE AND TIME: Friday, October 10, 2008, 1:00 pm EST.
PLACE: Teleconference: (877) 870-8664, Passcode: 254482.
GENERAL SUBJECT MATTER TO BE CONSIDERED: At this meeting, the Board will hear an update from teh Investment and Audit Committees.
The date, time, and/or place are subject to change. Pursuant to Section 286.26, Florida Statutes, any disabled person wishing to participate in this meeting in order to request any needed special assistance should contact jenni.garrison@myflorida.com at least 48 hours in advance of the meeting.
For more information, please contact Jenni Garrison at jenni.garrison@myflorida.com
For more information on Scripps Florida, please click here .