Spitzer Wants New York to Enter Stem Cell Race

the job creation machines moves on...

ALBANY, Jan. 12 — Five years ago, the Bush administration decided to severely limit federal financing for embryonic stem cell research, a move that set off vigorous competition among the states to provide support for a research field that many scientists say could bring about major medical advances.

New Jersey was first out of the gate, pledging millions of dollars for stem cell research in the state. California raised the stakes with a huge $3 billion bond initiative, and other states followed with ballot initiatives or legislation to give scientists grants or to build research centers. Those efforts, supporters promised, would also bring in new jobs and tax revenue.

But New York — home to leading research universities, medical centers and biotechnology companies — has remained absent from the list. Legislative efforts in recent years to direct state money to embryonic stem cell research have stalled, and then fizzled.

Now, state lawmakers are preparing to move forward on what would be the most ambitious government-financed stem cell project on the East Coast.

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