A few years ago, the well of state incentives for new businesses was deep.

Port St. Lucie got a big bucketful: $32 million to lure the Torrey Pines Institute for Molecular Studies and $60 million for a local branch of Oregon’s Vaccine & Gene Therapy Institute.

But the supply has since been drained by budget cuts and a constricting economy. So Port St. Lucie is drilling for new sources of cash - and it’s not looking in the usual places.

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TRADITION — Torrey Pines Institute for Molecular Studies is in the process of moving to the $40 million complex in Tradition this week and should be up and running fully in February.

Employees have boxed items and movers are transporting things to the Port St. Lucie location from Harbor Branch Oceanographic Institute in Fort Pierce, where they have been working since May 2007.

Some employees will start work in the new building early next week. Others will continue in Fort Pierce until February. (more…)

PORT ST. LUCIE — Moving day is getting closer for Torrey Pines Institute for Molecular Studies.

The last checklist items are being completed as the research institute prepares for a phased move from their temporary home at Harbor Branch Oceanographic Institution in Fort Pierce to the new $40 million complex in Tradition in early January.

While Torrey Pines administrators are expected to occupy their offices when the doors open, the scientists may wait another month or two before settling into the new lab space.

“In reality there is work going on that would create dust and noise and it’s easier to time our move so ongoing (chemistry and molecular biology) experiments are not disrupted,” said Torrey Pines President Richard Houghten.

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