The donation of a major research center to MSU for the development of commercial products made from non-petroleum materials moves the lakeshore from a primarily manufacturing-based economy to one that includes knowledge-based industries. The new bio-tech development facility will operate with a $3 million annual budget.
According to excerpts from the story:
Michigan State University will take over Pfizer Corp.'s $50 million research and development building on Howard Avenue in Holland Township for a national center in the development of commercial products made from crops like corn or soy rather than petroleum.
"Pfizer's generosity in donating this outstanding process development facility is a key component of this economically essential endeavor," MSU President Lou Anna K. Simon said.
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