Merck and Moffitt to Create Joint Company in Tampa
Posted Dec 20, 2006 @ 4:26 pm, Viewed by 699 Visitors, Read 712 Times.Pharmaceutical company Merk & Co. and H. Lee Moffitt Cancer Center and Research Institute announced Monday they will create a joint company which will develop drugs for treating cancer. This is great news for the Tampa Bay area as the new company is expected to create 170 high paying jobs, with an average salary of $80,000, and add $1 billion into Tampa’s economy over the next few years.
County officials are hoping the new company, called M2Gen Inc., will spark even greater economic development for Tampa in the bioscience field. Hillsborough County had to lay out $20 million in cash along with the land to the new company in what is its largest economic development package ever.
Read the full story in The Tampa Tribune.
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Now that is great governing - shell out a few measily million to generate a great influx of revenue for the economy - great to see politicians making decisions that look past what might initially seem like a large initial investment and see the light at the end of a project