New Gold Rush as California Invests $800 Million in Stem Cell Lab Construction, an Industrial Info News Alert


Industrial Info Resources

2008-08-20 06:00:00

SUGAR LAND, TX–(EMWNews – August 20, 2008) – Reported by Annette Kreuger, Industrial Info

Resources (Sugar Land, Texas) — Just over 160 years ago, the discovery of

gold in California set off the California Gold Rush. Hundreds of thousands

of people flocked to the state, arriving by stagecoach, horseback and

sailing ships. Known as the “forty-niners,” many of those early pioneers

faced down seemingly insurmountable odds to claim their fortunes. Now fast

forward to the present day, and once again the hardy denizens of the state

have proven that nothing can stand in their way. Although the Bush

administration cut federal funding for the majority of stem cell research

in 2001, the Golden State’s resounding answer is nearly $800 million

earmarked for investment for new stem cell lab construction projects. The

hope is that, along with scores of medical breakthroughs, the sheer size of

such a massive gathering of targeted science in one state will attract and

spur new commercial business development.

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