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San Francisco Getting Stem Cell Agency HQ

Posted by timothy on from the root-cells-are-in-the-basement dept.

karvind writes "San Francisco was chosen Friday as the headquarters for California's new stem cell agency, beating out San Diego, Sacramento and Emeryville. The stem cell institute was created in November after voters overwhelmingly approved a measure allowing the state to borrow $3 billion to fund human embryonic stem cell research. According to Yahoo, the plans call for a 17,000-square-foot office with a maximum of 50 employees who will help dole out nearly $300 million in research grants annually over 10 years."

1 of 222 comments (clear)

  1. They gave up a lot of freebies to land this... by jeblucas · · Score: 5, Interesting

    Heard about it on NPR. Free rent, free furniture, plasma screens, etc. All for 50 bureaucrats that won't actually do any research--they are strictly oversight. SF is hoping the Center will attract biotech firms to set up offices and labs in the city. A "prestige" coup. I kind of doubt it. You can get a lot more labspace a LOT cheaper not too far away. Not to mention the fact that a lot of biotech companies (Amgen, Genentech, IDEC, &c.) already have big centers in the state and don't need to set up facilities to land the bids.

    --
    blarg.