State may fund stem cell work
If budget is passed, New Jersey will be first US state to invest in stem cell research
Feb 24, 2004
New Jersey could become the first state in the US to use public funds for stem cell research, according to a budget proposal announced Tuesday (February 24) by Governor James McGreevey.
“Today, I propose to go where no other state has gone—to invest state funds in your courage and the hopes of so many families—with the creation of a new research institute, the New Jersey Institute for Stem Cell Research,” said McGreevey in his budget address.
The Institute would be a joint project of the University of Medicine and Dentistry of New Jersey (UMDNJ) and Rutgers University and would be located in New Brunswick. The budget earmarks $6.5 million in state funds to be the included in a $10 million public/private stem cell fund, which will be used to attract top researchers from around the world. An additional $50 million in public and private funds will be used to support...