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Virginia Subcommittee OKs Funding for Ignite Institute

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – A subcommittee of the Virginia House of Delegates last week recommended approval by the full Appropriations Committee of the bill awarding $22 million in state funds to the Ignite Institute, which is establishing a research center in Fairfax County focusing on translation of personalized medicine discoveries.

The Subcommittee on Economic Development, Agriculture and Natural Resources passed the recommendation unanimously, 8-0. The funding would be awarded in annual $5.5 million installments between the 2012 and 2015 fiscal years under House Bill 677, the Specialized Biotechnology Research Performance Grant Program introduced by Del. Joe May (R-Leesburg).

In return for the funding, Ignite would spend at least $200 million on the facility, and create at least 415 jobs over five years.