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Florida is putting up 93 million and local governments in Palm Beach County to lure a high tech firm to the state. The Max Planck Institute of Bio-imaging will be located on the campus of Florida Atlantic University. The institute is expected to generate 18 hundred jobs directly and indirectly over 20 years. The governor says the new partnership is proof that Florida is on the cutting edge or research.

“It’s a big deal,” Governor Charlie Crist said. “This is a really big deal. It mirrors and compliments Scripps and Torrey Pines and so many other tremendous things that are happening in the sunshine state, it creates this great healthcare cluster, if you will. It’s wonderful.”

Dr. Peter Gruss, President and CEO of the Max Planck Society says the firm has developed highly sophisticated MRI technology.

“We did develop new technology that allows you a very high resolution power, that in turn will enable us to actually look at the dynamics of molecules to understand how a biological system works,” Gruss said.

Senate President Ken Pruitt says the company is proof that Florida is changing it’s future.

“Remember, we got the attention of the world with this innovation incentive fund.” Pruitt said.  “Look at what is happening when we got Burnam, Torrey Pines, Scripp, SRI, Moffit-Merck. Look at what’s happening now! The world is paying attention to Florida and it’s best days are truly ahead of it.”

The technology will allow researchers to study the structure, dynamics and function of molecules and tissues.