San Francisco was chosen as the headquarters for California’s stem cell institute on Friday, winning out over San Diego, Sacramento and Emeryville.
The 29-member committee overseeing the agency, called the California Institute for Regenerative Medicine, made the decision after a site search subcommittee recommended the San Francisco over its competition, the Associated Press reported.
The decision was made at a meeting of the Independent Citizens’ Oversight Committee in Fresno on Friday.
Each of the competing cities made its final presentation.
The stem cell institute will have 50 employees who will oversee the dispersal of $300 million a year over 10 years in taxpayer-backed grants for research and facilities.