New Jersey’s state Legislature agreed to borrow $270 million (€205 million) to build labs and pay for related programs. Lawmakers decided that this is the right time to invest financially in stem cell research.

The legislation provides $150 million (€114 million) for a stem cell research institute at Rutgers University in New Brunswick, $50 million (€38 million) for a biomedical research center at Rutgers-Camden, $50 million (€38 million) for an adult stem cell research facility at the New Jersey Institute of Technology in Newark, $10 million (€7.6 million) for the Garden State Cancer Center in Belleville, and $10 million (€7.6 million) for the Elie Katz Umbilical Cord Blood Program in Allendale.

Link [www.iht.com/articles/ap/2006/12/15/america/NA_GEN_US_Stem_Cell_Research.php]