Thursday, December 21, 2006 8:00:00 AM PDT | VentureDeal Staff
TRENTON, NJ -- Governor John Corzine signed into
law a bill that will create $270 million in funding for stem cell research facilities
across the state.
The legislation, intended to boost the state's ability to attract researchers
and start-up companies, will provide $150 million to build a Stem Cell
Institute in New Brunswick, $50 million to build stem cell research facilities
at the New Jersey Institute of Technology and $50 million to build a biomedical
research center in Camden.
The intent is to create a statewide laboratory of interconnected research and
collection centers. In recent years, California voters approved a $300 million
bond to finance stem cell research in that state.
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