The Hormel Institute at the University of Minnesota has announced a $23 million grant from the Hormel Foundation in support of an expansion of its physical plant and to recruit up to twenty additional cancer researchers.
A portion of the grant, $13.5 million, will be matched by the state and used to double the size of the state-of-the-art medical facility, which underwent a major renovation in 2006-08. Scheduled to be completed in 2015, the project will add twenty new laboratories and extra space for the institute's growing International Center of Research Technology. Over time, the institute believes the expansion will bring as many as one hundred to one hundred and twenty jobs to the area.
The remaining $9.5 million will be used to recruit cancer research scientists to lead each of the new labs, the Austin Daily Herald reports. Hormel Foundation treasurer Jerry Anfinson estimates that it costs about $700,000 to recruit a lead scientist. The institute plans to launch a fundraising campaign in the fall of 2013 to help fund research at the expanded facility.
"The values and generosity of the Hormel Foundation have been essential in making our accomplishments possible," said Hormel Institute executive director Zigang Dong. "Our cancer research holds tremendous potential to improve cancer prevention and control protocols; that research can move forward — and now grow — because of the foundation's important and critical support."