5-million Navy contract. U.S. Rep. Bill Young, R-St. Petersburg, who has used his clout to funnel Defense Department dollars to the region, sees a bright future (Krueger).
Since 2007, SRI St. Petersburg has grown to almost 70 staff members as its R&D activities have expanded. In addition, the U.S. Naval Air Systems Command awarded SRI and its National Center for Maritime and Port Security a five-year, $36.5 million contract to develop a maritime domain awareness system to improve port security in the United States. Other SRI R&D projects have included development and local testing of an innovative, energy-producing buoy device; mapping the floor of Tampa Bay in conjunction with a maritime homeland security experiment conducted by the U.S. Navy, Coast Guard and other federal and local agencies, and in developing new chemical sensing systems for marine research. In addition, SRI St. Petersburg staff members are working on software engineering with far-reaching results and promotion of the area. SRI International staff members in other SRI locations are now conducting education research and economic development consulting for Florida (SIR, 2008, p. 1).
The City of St. Petersburg continued to enlarge its policy initiative stake and responsibility to the R&D industry which it had initiated in 2006, joining the county, the state and local university to form a "programme." On March 27, 2008, SRI's National Center for Maritime and Port Security was featured in Port Technology International, which announced that the National Center for Maritime and Port Security is part of SRI International's marine technology programme. The "programme" was the name for the partnership between SRI and the State of Florida, the City of St. Petersburg, Pinellas County and the University of South Florida. For SRI, the Tampa Bay was ideal for the Port Security project with its inherent geographic diversity, which includes channels, split bays, a large estuary and seven widely distributed ports. The warm climate also allowed for testing and evaluations year-round (Supnick).
In October of 2008, groundbreaking for the new facility finally began. The City sent out a press release declaring "Mayor Rick Baker and SRI International executives, joined by other government and business leaders, broke ground today on a new research and development (R&D) facility... called SRI St. Petersburg, [which] will provide a home for 100 SRI researchers and staff conducting cutting-edge R&D in areas such as marine science and technology, port security, energy and the environment."
SRI President and CEO Curt Carlson said, "Today's groundbreaking is a milestone in realizing the collective vision of SRI, the University of South Florida, the City of St. Petersburg, Pinellas County, and the State of Florida" (SRI, 2008, 1).
St. Petersburg was extremely pleased when SRI International announced its intentions to come to St. Petersburg in 2006," said Mayor Rick Baker.."... We thank our partners in this new endeavor, and look forward to turning over this new facility to SRI so that it may continue, and expand, their worthwhile new advances"...
Analysts agree that Proposition 71 will at least pay for itself over the life of the bonds. According to Somers (2004): "The economists from Stanford University and the Analysis Group predict that the initiative would generate at least $6.4 billion. They say it would generate $2.2 billion to $4.4 billion if it could expand the state's biotechnology industry by about 5%, with new jobs, construction of new buildings and increased
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