More State Funding For Stem Cell Research

As for New York, New Jersey and California, Massachusetts continues to move towards large-scale funding of stem cell research from public monies: "Gov. Deval Patrick on Tuesday unveiled a $1.25 billion proposal intended to help the state maintain its status as a pre-eminent place for stem cell research and other life sciences. The money would provide grants for university and hospital scientists, establish special research centers to make their work faster and more efficient, and train workers for biotechnology businesses. It would also establish the first stem cell bank, a repository of all the stem cell lines created in Massachusetts laboratories, which would serve as a kind of stem cell lending library to scientists around the world. ... Mr. Patrick's plan involves $1 billion in state money over 10 years, some borrowed through bond issues, plus $250 million in matching money from private business." Nothing like massive centralization to remove the accountability and incentives that lead to efficient use of funds - not to mention the terrible waste of resources spent on fighting for control of the purse.

Link: http://www.nytimes.com/2007/05/09/us/09stem.html?pagewanted=print

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