In October 2003, Jeb Bush unveiled one of the largest economic projects in Florida history: a $500 million plan to bring Scripps Research Institute to the state and build a biomedical hub he said would generate nearly 50,000 jobs in 15 years. As governor, he described it as a "seminal moment," comparable to Walt Disney World's arrival in Florida in 1971, which brought billions of dollars in tourism, spawned tens of thousands of jobs, transformed the economy and created the world's most-visited vacation resort.