The Oklahoma Medical Research Foundation will embark on a $125 million expansion project with the help of a $15 million allocation from the Oklahoma Opportunity Fund, a state economic development account.
OMRF, an internationally recognized independent research institute, is building a new research tower on its Oklahoma City campus, an initiative that is projected to create 300 new jobs with an average salary of approximately $58,000.
Oklahoma Gov. Brad Henry presented a $15 million state check to OMRF executives at an Oklahoma City news conference.
"Through its innovative research, OMRF has made life-saving discoveries and served as a powerful economic engine for the state of Oklahoma," said Gov. Henry. "By assisting the foundation with its latest expansion, our state will lay the foundation for even greater scientific accomplishments and, in the process, reap additional economic benefits for generations to come."
The eight-story research tower will be built on the center of the OMRF campus located at 825 NE 14th in Oklahoma City. The 195,000 square foot addition will almost double OMRF's current scientific and administrative offices and house 300 new scientists, technicians and support staff.
Construction is scheduled to begin next year.
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