Monday, September 3, 2007

Max Planck for $190 Million

The Max Planck Society, an international research giant based in Germany, is poised to open its first U.S. institute in Palm Beach County — if the county and the state can meet its requirements, the county Business Development Board announced Wednesday.

Board President Kelly Smallridge said the renowned research organization, which has 78 institutes worldwide, has agreed in concept to come to the county and set up shop alongside The Scripps Research Institute, the California-based group that opened a branch in Jupiter two years ago.

The deal is contingent on the county and the state chalking up a $190 million incentive package, which would include land for the institute on the Jupiter campus of Florida Atlantic University. The price could prove too rich for some county commissioners, weary after the county's $340 million payout to lure Scripps.

Could this deal have anything with German winters?

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