San Francisco and San Diego compete for $tem cell headquarters
SF Examiner ^ / 1/6/05 / By Marisa Lagos
Mayor Gavin Newsom would like to see California's new stem cell institute make its home in San Francisco, but the rest of the state plans on giving the mayor a run for his money.
Newsom told The Examiner last week that The City is mainly competing with San Diego, another biotech hub, for the California Institute of Regenerative Medicine's office headquarters. Though the $3 billion in grant money the institute will award over the next 10 years will be distributed throughout the state, each city has a marked interest in having the headquarters placed in its backyard.
"There's a potential for spinoff economic development and this is the birthplace of biotech. Where better then here to be the birthplace of stem cell research?" said Jesse Blout, head of the Mayor's Office of Economic and Work Force Development.
That birthplace has already been claimed, according to Joe Panetta, president of the San Diego-based trade group BIOCOM, which represents life science organizations in Southern California.
"This is the area where stem cell research is centered," Panetta said, naming UC San Diego and Scripps Institute as a few examples. "I see it really strategically as opportunity provide the best people to ensure success of institute, and at same time having easy access to that institute will provide greater opportunity for grant funding."
Some say it doesn't matter where the headquarters are.
"The location of the institute is not even on my radar," Bruce Cohen, president of Palo Alto-based Cellerant Therapeutics. "I don't think the location of the administrative body of the institute will have huge impact on who gets the money and how they decide who has priority."
Palo Alto is also a consideration, as is the rest of the Bay Area. But Phyllis Preciado, a board member for the institute and a Fresno-area medical doctor, has another idea.
"I would love to have it in the Central Valley," she said. "What about UC Merced?"