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Florida taxpayers have spent more than $1.5 billion to turn the state into a biotech hub, but the payoff remains elusive, according to a new report by a legislative research group.

The study by the Florida Legislature’s Office of Program Policy Analysis & Government Accountability looked at investments of state and county money in eight research institutes, including Scripps Florida and Max Planck Florida in Jupiter.

“This investment has not yet resulted in the growth of technology clusters in the counties where program grantees have established facilities,” the report said.

From the Palm Beach Post

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