California Governor Schwarzenegger Applauds $750 Million Investment in Stem Cell Infrastructure
02/28/2008 -- California Governor Schwarzenegger today issued the following statement regarding the announcement that the California Institute for Regenerative Medicine Major Facilities Grants program is expected to generate approximately $750 million for new stem cell research facilities throughout California:
"I am excited that the California Institute for Regenerative Medicine is announcing $750 million in public-private partnership investments for stem cell research infrastructure in California. This is exactly the sort of timely infrastructure investment California needs to stay competitive, improve our quality of life and offset the slowdown our state is experiencing in other economic sectors.
"Additionally, this investment furthers our important life sciences and medical technology industries and fits into my Research and Innovation Initiative that I announced in 2007. Most importantly, this is an investment that can save lives. It's innovative financing like this that our state needs as we renew our focus on developing public-private partnerships to address California's infrastructure needs."
In his 2007 state of the state speech the Governor noted that by nearly any measure, California is the national leader in innovation. To maintain California's leadership in the fastest growing fields, Governor Schwarzenegger proposed $253.4 million in the 2007-08 budget to support research at the University of California, and his Strategic Research and Innovation Initiative will provide $95 million to major projects in three key sectors: "clean" technology, biotechnology and nanotechnology.
In response to a presidential veto of legislation to provide federal funding for embryonic stem cell research, in 2006, the Governor directed the state to issue a loan of up to $150 million to strengthen California's voter-approved stem cell research efforts that offer the potential for new treatments for debilitating and deadly diseases.
In 2004, California voters approved Proposition 71 to devote $3 billion to stem cell research and create CIRM. So far, CIRM has funded 156 grants totaling nearly $260 million to 22 California non-profit and academic institutions.
Source: California Governor
Similar
- California Gov. Schwarzenegger Statement on Breakthrough Stem Cell Cancer Research by UC San Diego Scientists
- California Governor Schwarzenegger Highlights California-Canada Partnership on Life-saving Stem Cell Research
- California Governor Schwarzenegger Issues Statement Regarding Stem Cell Research Lawsuit
- New York Governor Paterson Announces Nearly $109 Million In New Stem Cell Research Funding
- Connecticut Governor Rell: State Allocates $9.84 Million in Stem Cell Research Funds
Latest stories
- John McCain Myth Buster: John McCain and the Republican Party
- DNC Calls on John McCain Campaign to Release Cindy McCain's Tax Returns
- U.S. Congressman and Superdelegate Brad Miller Endorses Barack Obama
- Barack Obama Joins Kerry Resolution on Humanitarian Aid for Burma
- Democratic Senators Unveil Consumer-First Energy Act of 2008
- Don’t Be Fooled by Nuclear Industry Shill; Environmentalists Are Not Backing New Reactors
- AFL-CIO Announces Major New Push to Expose John McCain's Economic Record
- Chrysler Gas Gimmick Keeps Consumers Addicted to Oil, Science Group Says
- This Week in Petroleum - May 7, 2008
- DoD Identifies Four Marine Casualties: Casey L. Casanova, Miguel A. Guzman, James F. Kimple and Glen E. Martinez

















