More than 160 golf courses already dot the area around Palm Beach Gardens, Fla., a sunny hub for the sport that serves as a home base for the country's professional league.
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When the famed Scripps Research Institute landed in Jupiter nearly 20 years ago, the hopes were that it would spawn a biotechnology hub in the surrounding area.
The state pitched in $310 million, and Palm Beach County kicked in another $270 million. But the dream of big biotech and pharma companies, like Merck and Pfizer, and high-paying jobs never materialized.