NEW YORK — The state will spend up to $100 million in the next few years on technology and research by adding a 10 percent match to projects that receive federal stimulus grants, Gov. David Paterson said Monday.
“Now it is time to take bold new steps to prepare New York to lead the new economy,” Paterson said in a speech at the New York Academy of Science in lower Manhattan.
Paterson said the money would pay for research into fields including energy, environmental protection, technology and health care. He said the program would help ensure that new research centers are built in New York, positioning the state for future federal grants and private investment.
Susan Solomon, chief executive of the New York Stem Cell Foundation, applauded the idea of matching grants and said she hopes to secure some of the funds for stem cell research.
“It’s really smart because New York state then doesn’t have to set up its own review process,” Solomon said. “It basically can take something that’s been peer-reviewed ... and just say, ’Here, let’s turbocharge it.’”
Solomon said she has applied for millions of dollars in stimulus grants that will be awarded this summer.
“If we get a $5 million grant, then we get another half a million dollars,” she said. “If you figure it costs us about $150,000 to have a post-doc and a graduate student, it gets another project done.”
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On the Net:
http://www.state.ny.us/governor/
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NY to invest up to $100M for technology
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