The Kissimmee Community Redevelopment Agency board agreed Monday to contribute up to $183,000 toward a University of Central Florida medical industry incubator program in the City Centre, saying it could benefit downtown Kissimmee with new business.

But the board’s decision is contingent on Osceola County and the city of Kissimmee governments agreeing to their respective contributions into the medical incubator. The university will ask the county’s economic development department to assist in operational funds – including the salaries of a full-time site manager and a part-time assistant – of about $130,000 annually over a three-year period.

“Having UCF lease 8,000 square feet in downtown Kissimmee and the marketing that they’ll do, with the medical incubator push as part of this, it’s a good thing for downtown,” CRA Director Gail Hamilton told the board Monday.

Continue reading at Around Osceola, by Juliana A. Torres, staff writer: Dec 16, 2009 at 01:42 PM.