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Old 11-02-2012, 05:01 AM
 
66 posts, read 187,391 times
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Any thoughts from the locals regarding the new Max Planck Biotech facility opening this year in Jupiter. The 100k sq ft facility will bring over 1800 new jobs and lots of revenue for the sleepy seaside community. I think it's exciting and will put Jupiter on the map in the world of Bio science and life science.


New Jupiter biotech facility to boost area's cachet » TCPalm.com

Last edited by windycitychicago; 11-02-2012 at 05:19 AM..
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Old 11-02-2012, 07:11 AM
 
17,263 posts, read 21,998,333 times
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Quote:
Originally Posted by windycitychicago View Post
Any thoughts from the locals regarding the new Max Planck Biotech facility opening this year in Jupiter. The 100k sq ft facility will bring over 1800 new jobs and lots of revenue for the sleepy seaside community. I think it's exciting and will put Jupiter on the map in the world of Bio science and life science.


New Jupiter biotech facility to boost area's cachet » TCPalm.com
You do realize that you quoted a 5 year old article right?

Max Planck and the Scripps project both brought big headlines but when you look at the facts it doesn't change things much:
1. Most high paying jobs were pre-filled with existing company employees (Scripps relocated from La Jolla, CA).
2. The "avg" job pay is grossly inflated. For example the CEO of Scripps makes 6mm a year but the average pay was $80,000. If you discount the overpaid management then the average wage drops significantly to 24-35K being mostly lab staff/janitorial or facility support roles.
3. The companies are relocating for pay, not out of the goodness of their heart. These companies have hundreds of millions in incentives to relocate here (taxpayer provided of course). Scripps owned their La Jolla campus and got to sell/lease it while Jupiter/ Palm Beach County paid them to come here!
4. Local politicians really got into the hype by telling locals that "the jobs are coming, the jobs are coming" with high averages and lots of open slots.........only to find out the jobs are already taken by transferring employees and the wages are no where near the 80K mark since that is the "average"
5. Realtors really got the "hype" ball rolling that there was going to be a "shortage" of homes due to all of these new jobs (after all they need a place to live right!). Well if the average worker isn't making 80K but closer to 24-30K there aren't many homes for those people to buy......oops. Oh yeah, the CEO making 6mm a year bought a house on Jupiter Island (not even in Palm Beach County!)....


Lots of headlines, hype and after 5 years I still haven't even met a Scripps/Planck employee or even heard of someone working there.........hmmm
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Old 11-02-2012, 09:00 AM
 
17,291 posts, read 29,391,510 times
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We have at least two in the neighborhood who moved to WPB from CA to take jobs at Scripps.


I think it's good to have the presence of Scripps in the county. It IS creating a little hub of smaller startups in the field:

Biotech start-up Somahlution moving to Jupiter | www.palmbeachpost.com


This will not be an overnight process. But where everyone complains that nothing is being done to diversify the economy, we can't have it both ways and complain about efforts being made! If nothing else it improves the adjacent FAU research opportunities.
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Old 11-02-2012, 07:56 PM
 
17,263 posts, read 21,998,333 times
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Quote:
Originally Posted by TriMT7 View Post


I think it's good to have the presence of Scripps in the county. It IS creating a little hub of smaller startups in the field:

Biotech start-up Somahlution moving to Jupiter | www.palmbeachpost.com


This will not be an overnight process. But where everyone complains that nothing is being done to diversify the economy, we can't have it both ways and complain about efforts being made! If nothing else it improves the adjacent FAU research opportunities.

I agree 100% but it certainly wasn't what was "sold" to the voters 5 years ago.......At least it turned out better than the movie company that went bust a few weeks ago!
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Old 11-04-2012, 05:07 PM
 
Location: Palm Beach, FL & Napa, CA
2,093 posts, read 5,593,366 times
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It's all fluff, if you lived here back when the whole Scripps thing was spun in the PB Post, you would have read and heard it all. I would not claim it all to be another Digital Domain circus, but the promises have yet to materialize, maybe for a handful of Scientist that relocated from elsewhere, but in all it's not a Miracle Grow of job growth creation for the county, that being said it may take 20 years if ever for anything to become what the leaders who subsidized this have claimed.

If anyone thinks Jupiter is the next Cupertino, they need to check into Hotel Reality sometime soon....where there is always a vacancy....
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