Sanford Burnham returns $12M to Florida before departure

Sanford Burnham Prebys Medical Discovery Institute agreed to return $12.3 million to the state of Florida as the institute prepares to wind down operations at its Florida campus.

Sanford Burnham first announced its plans to leave Florida in 2016. The state originally asked the nonprofit research institute to pay back half of the $155.3 million it received under an incentive agreement in 2006, which stipulated that Sanford Burnham use "reasonable best efforts to create 303 jobs" by October 2016...