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MD Stem Cell Research Yields Positive Results, but Best is Yet to Come

March 03, 2010

Grants made for stem cell research projects in 2008 through the Maryland Stem Cell Research Commission and the Maryland Technology Development Corporation yielded a return of nearly $3 million to state and local governments and supported more than 500 high-paying jobs, finds a recent impact report. A total $38 million was awarded to researches in 2007 and 2008 following the passage of the Maryland Stem Cell Act of 2006 and Gov. Martin O'Malley's $1.3 billion BIO 2020 Initiative in 2008, which includes $20 million per year for stem cell research. The study concludes that returns are expected to multiply over time because of the cumulative aspect of scientific knowledge and fast pace of industry expansion. Read the impact report: http://www.mscrf.org/_media/client/pdf/Sage_stem_cell_program_impacts_Final.pdf