New Jersey Approves Money for Stem Cell Research

WNYC News | Jul 12, 2010

New York, NY —

New Jersey wants to be a leader in stem cell research. Today, Governor Corzine is scheduled to sign a bill that would authorize spending of $270 million.

They money will go to the construction of research labs, a cord blood collection program and cancer research. Earlier this week, Corzine announced the state will give out $10 million in stem cell research grants next year, including $7 million that will go to federally restricted embryonic stem cell research.

The bill is expected to boost the state economy, and also help New Jersey's biotechnology companies. Stem cells are considered key to solving many incurable diseases because they have the potential to develop into different cell types.

Social conservatives have opposed the use of embryonic stem cells, comparing it to abortion.

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