Michigan To Fund Science Research
Michigan will spend about $1 billion of its tobacco settlement money on research intended to make the state a national leader in the race to cure diseases.
Under the plan, $50 million will be spent annually for the next two decades to encourage life sciences research at the University of Michigan in Ann Arbor, Michigan State University in East Lansing, Wayne State University in Detroit and the private Van Andel Institute.
Amway Corp. billionaires Betty and Jan Van Andel have separately pledged $1 billion for the nonprofit medical research institute, set to open next year. Engler signed the bill inside the partially completed institute.
The tobacco settlement calls for Michigan to receive more than $8 billion over 25 years and $348 million each year beyond the first 25 years. College scholarships and health-related programs are also beneficiaries.