State lawmakers on Thursday earmarked $50 million in state funds to lure a Maine-based genetic research company to build a $710 million research and medical facility near Ave Maria University in Collier County.

Speaking to members of the Senate Ways and Means Committee, Sen. Garrett Richter unveiled negotiations being conducted with Jackson Laboratory, a Bar Harbor-based institute established 80 years ago that has become a world leader in genetic research. The nonprofit institute, which now employs 1,000 workers at its 43-acre complex, wants to establish an Institute for Personalized Medicine and Research Village near the newly built university.

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