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Research Centre gets $14.7 Million

Click to listen to this page using ReadPleaseBy Jim Kelly - The Chronicle-Journal

 

November 21, 2006

 

It's a little early for Christmas but that didn't stop Premier Dalton McGuinty from dropping off a multi-million gift Monday for Northern Ontario.

 

Premier McGuinty promised between up to $14.7 million for the Molecular Medicine Research Centre in Thunder Bay, the news Michael Power has been waiting for. Power, Vice-President of Regional Cancer Services and Diagnostics at Thunder Bay Regional Health Sciences Centre, has been awaiting the provincial commitment since early September.

 

"This is fabulous news," he said. "This is in response to more than 12 months of hard work on the part of the (hospital), the mayor, the business community and our partners at Lakehead University and the Sunnybrook Health Sciences Centre (in Toronto)," Power said. The provincial money is contingent on a similar contribution from the federal government, but Power is confident that money is coming. Health and FedNor Minister Tony Clement is "moving mountains in the cabinet to unload the federal contribution," Power said.

 

The $14.7 million is on top of a previous $2 million from the province. McGuinty, who is also minister of research and innovation, said he's never taken his eye off the research centre. "We're strengthening traditional industry and at the same time we're putting Thunder Bay into the cutting edge of research and development," he said.

 

The province, Ottawa and City of Thunder Bay have pledged $2.2 million each for the research centre. The remaining $44.1 million comes from the $14.7 million announced Monday, $14.7 million in matching federal funds, $11.2 million committed by Philips Medical and $3.5 million pledged by the city.

 

 

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