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Old 02-09-2013, 01:25 AM   #5
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Re: the Jackson Laboratory subsidies mentioned in the OP:

Quote:
Malloy's administration is offering Jackson, a Bar Harbor, Maine-based leader in so-called personalized medicine, a $192 million forgivable loan and $99 million in grants supporting genetic research. Jackson will use the subsidies to construct a 170,000-square-foot development on the grounds of the health center, which it will own.

In return, Jackson is supposed to create 300 jobs in 10 years. The land will be leased to Jackson and be deeded to the company when it creates 600 jobs, which is expected in two decades.

The state Department of Economic and Community Development maintains the lab's presence will ultimately bring 6,600 direct and indirect jobs to Connecticut.
Read more: http://www.ctpost.com/news/article/S...#ixzz2KNtPhPG9
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