Business, labor and economic development leaders have joined together in a campaign to help Michigan State University (MSU) win a national competition for the $550 million Facility for Rare Isotope Beams (FRIB), funded by the U.S. Department of Energy.
The facility would bring in $1 billion in economic activity, generating $187 million in new tax revenues over the next 20 years if it is located at MSU, according to an economic and fiscal impact analysis by Anderson Economic Group.
“The National Superconducting Cyclotron Laboratory has long been an important asset to our state, attracting scientists from around the world and federal research funds. We are still a donor state to Washington, and having this facility is essential to maintain and build MSU’s science research capabilities and bring in important federal dollars,” said Gov. Jennifer Granholm.
Patrick Anderson, CEO of Anderson Economic Group, said the FRIB project, once operational, would result in more than 400 new jobs in Michigan and $62 million in new earnings annually, along with new construction jobs.
Nuclear science research, such as that conducted at MSU’s cyclotron, is published and used around the world in practical applications, ranging from life-saving medical diagnostic equipment to cancer treatments. The FRIB project would also produce major spin-off applications in medical sciences, national security, materials sciences and other businesses, according to MSU.