San Francisco Getting Stem Cell Agency HQ

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."