Michigan Life Sciences Corridor
Encyclopedia
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
1 billion biotechnology
Biotechnology
Biotechnology is a field of applied biology that involves the use of living organisms and bioprocesses in engineering, technology, medicine and other fields requiring bioproducts. Biotechnology also utilizes these products for manufacturing purpose...
initiative in the U.S. state of Michigan
Michigan
Michigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....
. It started in 1999 with money from the state's settlement with the tobacco industry
Tobacco industry
The tobacco industry comprises those persons and companies engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. It is a global industry; tobacco can grow in any warm, moist environment, which means it can be farmed on all...
. The MLSC invests in biotech research at four Michigan institutions: the University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
in Ann Arbor
Ann Arbor, Michigan
Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. The 2010 census places the population at 113,934, making it the sixth largest city in Michigan. The Ann Arbor Metropolitan Statistical Area had a population of 344,791 as of 2010...
, Michigan State University
Michigan State University
Michigan State University is a public research university in East Lansing, Michigan, USA. Founded in 1855, it was the pioneer land-grant institution and served as a model for future land-grant colleges in the United States under the 1862 Morrill Act.MSU pioneered the studies of packaging,...
in East Lansing
East Lansing, Michigan
East Lansing is a city in the U.S. state of Michigan. The city is located directly east of Lansing, Michigan, the state's capital. Most of the city is within Ingham County, though a small portion lies in Clinton County. The population was 48,579 at the time of the 2010 census, an increase from...
, Wayne State University
Wayne State University
Wayne State University is a public research university located in Detroit, Michigan, United States, in the city's Midtown Cultural Center Historic District. Founded in 1868, WSU consists of 13 schools and colleges offering more than 400 major subject areas to over 32,000 graduate and...
in Detroit
Detroit, Michigan
Detroit is the major city among the primary cultural, financial, and transportation centers in the Metro Detroit area, a region of 5.2 million people. As the seat of Wayne County, the city of Detroit is the largest city in the U.S. state of Michigan and serves as a major port on the Detroit River...
, and the Van Andel Institute
Van Andel Institute
Van Andel Institute is a 501 nonprofit organization in Grand Rapids, Michigan. The Institute’s mission is to improve the health and enhance the lives of current and future generations through disease research and science education...
in Grand Rapids
Grand Rapids, Michigan
Grand Rapids is a city in the U.S. state of Michigan. The city is located on the Grand River about 40 miles east of Lake Michigan. As of the 2010 census, the city population was 188,040. In 2010, the Grand Rapids metropolitan area had a population of 774,160 and a combined statistical area, Grand...
. The Michigan Economic Development Corporation
Economic Development Corporation
An economic development corporation is an organization common in the United States, usually a 501 non-profit whose mission is to promote economic development within a specific geographical area. These organizations are similar to, and complementary to Chambers of Commerce.-For Further...
administers the program. In 2009, the University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
added a 30-building, 174 acre (0.70415364 km²) North Campus Research Complex acquiring the former Pfizer facility. A BioEnterprise Midwest Healthcare Venture report found that Michigan attracted $451.8 M in new biotechnology venture capital investments from 2005 to 2009.
History
In 1998, the State of Michigan, along with 45 other states, reached an $United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
8.5 billion settlement
Settlement (law)
In law, a settlement is a resolution between disputing parties about a legal case, reached either before or after court action begins. The term "settlement" also has other meanings in the context of law.-Basis:...
with the U.S. tobacco industry. Former Governor John Engler
John Engler
John Mathias Engler is an American politician and a member of the Republican Party. He served as the 46th Governor of Michigan from 1991 to 2003....
created the Michigan Life Sciences Corridor in 1999 when he signed Public Act 120 of 1999. The bill appropriated money from the state's settlement with the tobacco industry to fund biotech research at four of Michigan's largest research institutions. Under the management of the Michigan Economic Development Corporation, the MLSC allocated $1 billion over the course of 20 years, including $50 million in 1999 to fund research on aging. The following year, the MLSC awarded $100 million to 63 Michigan universities. In 2002, Governor Jennifer Granholm
Jennifer Granholm
Jennifer Mulhern Granholm is a Canadian-born American politician, educator, and author who served as Attorney General and 47th Governor of the U.S. state of Michigan. A member of the Democratic Party, Granholm became Michigan's first female governor on January 1, 2003, when she succeeded Governor...
incorporated the MLSC into the Michigan Technology Tri-Corridor, adding funding for homeland security
Homeland security
Homeland security is an umbrella term for security efforts to protect states against terrorist activity. Specifically, is a concerted national effort to prevent terrorist attacks within the U.S., reduce America’s vulnerability to terrorism, and minimize the damage and recover from attacks that do...
and alternative fuel
Alternative fuel
Alternative fuels, known as non-conventional or advanced fuels, are any materials or substances that can be used as fuels, other than conventional fuels...
research. With 10 years left in the program, the leaders of Michigan hope that such investments in high tech
High tech
High tech is technology that is at the cutting edge: the most advanced technology currently available. It is often used in reference to micro-electronics, rather than other technologies. The adjective form is hyphenated: high-tech or high-technology...
research will expand the State's economic base.