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Stem cell research brings jobs to Western New York

Thu, Jan 20th 2011 12:00 am
By ALLISSA KLINE
akline@bizjournals.com | 716-541-1612

Stem cell research funding in New York state has created 300-plus new jobs, including 24 here in Buffalo, since the state implemented a government-funded stem cell program in 2007. That's according to a study released this month by the Associated Medical Schools of New York.

The report outlines the economic impact of the state's $600 million publicly financed program. So far, nearly $223 million has been allocated throughout the state for stem cell research at New York's medical schools, the New York Stem Cell Foundation, Memorial Sloan-Kettering Cancer Center and other health-care and research facilities, AMSNY said.

Locally, the University at Buffalo has received 11 stem cell research awards totaling $10 million, it said. UB's Research Foundation has received one award for $1 million.

The report indicates that UB has hired 24 graduate students, postdoctorates and technicians. It also cites a $3.5 million award to a UB biochemist to create the Western New York Stem Cell Culture and Analysis Center. The award was announced last June.

In total, $35 million in stem cell funding has been awarded to medical schools in Albany, Syracuse, Rochester and Buffalo, the report said.

AMSNY is a group of 16 public and private medical schools in New York state.