For Immediate Release
June 25, 2004

Jim Cunneen
(408) 291-5277

Ken Heiman
(408) 291-5264

Chamber Supports California Stem Cell Research
Board Voices Approval for November Ballot Initiative

The Board of Directors of the San Jose Silicon Valley Chamber of Commerce voted unanimously to support the California Stem Cell Research and Cures Initiative on the November 2004 ballot.

“Voters throughout the state have the unique opportunity to make California a world leader in biomedical research and biotechnology while strengthening the fight to cure and treat several life-threatening illnesses,” said Chamber President and CEO Jim Cunneen. “The initiative provides billions of dollars in critically needed funding to support life-saving stem cell research.”

Cunneen added, “Federal funding for stem cell research has been limited or blocked due to political debates. This initiative closes that funding gap and sets a new state model for advancing scientific research, attracting new, groundbreaking research to California and creating jobs.”

According to the initiative’s authors, the initiative will provide California with financing to develop potential cures and treatments for debilitating diseases and injuries, including diabetes, cancer, heart disease, Alzheimer’s, Multiple Sclerosis, HIV/AIDS, Parkinson’s ALS, osteoporosis and spinal cord injuries.

It is anticipated that California will benefit from patents and royalties that result from the research and tax revenues generated by new construction and research jobs. The Chamber Board of Directors also feels that the initiative will allow California to remain as an unparalleled research location.

The San Jose Silicon Valley Chamber of Commerce is the largest broad-based business advocate to government in the Santa Clara Valley. Membership represents 2,000 private sector companies and non-profit organizations.

Our regional Chamber includes firms of all sizes and companies from every industry within the area. Leveraging our deep knowledge of laws and regulations, we help businesses protect their interests with city, county, state and federal governments. Leveraging our size of membership, we provide products, produce events and deliver services to help companies reduce costs and grow their business.

The San Jose Silicon Valley Chamber of Commerce, a not-for-profit organization, promotes pro-growth fiscal policies and financial investment in order to stimulate Silicon Valley’s economy and create jobs.

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Paid for by YES on 71: Coalition for Stem Cell Research and Cures, #1260661
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