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Here they go again!

From the April 12, 2006, edition of the Orlando Sentinel, we learn that Orange County, Orlando, and the State of Florida are looking to throw $340 million in corporate welfare in the direction of Burnham Institute. Apparently Burnham is considering an East coast hub in addition to its La Jolla, California home. Let the bidding wars begin. This project is expected to be smaller than the Scripps Institute proposal but the incentive package is even bigger. This amounts to hundreds of thousands of dollars for every new job supposedly brought to the Orlando area. UCF, Lake Nona, and the County are trying to attract this group as it fits with the new medical school and other efforts to encourage biomed based business in the area.

A better idea would be to reduce the tax burden in Orange County by the $90 million local portion and the burden in the State by its $250 million contribution. Florida is already know as a relatively low tax state, which should be attractive to those new high paid employees. Perhaps if the funds were allocated to school vouchers, our school system would improve and begin to be a positive factor for prospective new residents. What we do not need is to further subsidize a research institute that already derives substantial government support through the National Cancer Institute.

It sounds very good to have a non-profit biotech company supported by the community. However, one has to wonder if the work would not be better performed by private firms motivated by profit to produce cures for cancers and neurological disorders like Alzheimer's. In order for this type of program to make sense, one has to accept the premise that a government program will achieve superior results to a profit driven private enterprise. Why is it that we expect competition and innovation from automobile manufacturers, but not from our healthcare providers and researchers?

 

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