Hormel Institute gets $3.4 million moreRemodeling plans grow with additional foundation funds
The Hormel Foundation is giving another $3.4 million to the Hormel Institute to fix up and equip laboratories with the latest technology.
The foundation this morning made the announcement, which expands the original plans for remodeling the research institute.
The original plans provided for 10 laboratories to be completed and fully equipped in the new addition and another six to be partially equipped. The additional money will help equip all 20 of the institute’s laboratories.
"The opportunity to finish all of the available laboratory space and equip those labs with state-of-the-art technology at this time is prudent and very beneficial to the Hormel Institute. Costs for these items will only increase over time, and this will allow the Hormel Institute to gear up to full capacity sooner than previously expected," said Hormel Foundation Chair Richard L. Knowlton. "By making this decision now, we avoid future interruptions for the additional construction as well as any increased costs. This is another exciting development in what has become a very wonderful and rewarding project."
Since the ground-breaking ceremony in August 2006, the Hormel Institute has hired 35 new scientists and/or staff workers. The Hormel Institute’s goal is to add 100 new jobs over the next three to five years. The Hormel Institute, having established its reputation as a cancer research institute, projects that faculty and staff hiring will continue to grow and that all 20 laboratories ultimately will be filled with research scientists and their staff.
"The best way to show our deep appreciation of the Hormel Foundation for their unfailing support is by achieving great research success with what we’ve been given," said Dr. Zigang Dong, executive director of the Hormel Institute. "All of us at the Hormel Institute are dedicated to one end — to make significant advancements in the war on cancer. It is exciting to be an important part of history and our goal is to make a major contribution to the improvement of human health with our research."
The Hormel Institute expansion and renovation project is on schedule and slated for completion in the spring of 2008.
The grand opening is scheduled for Oct. 3, 2008. In conjunction with the event, the Hormel Institute will host a three-day joint conference Oct. 4-6, 2008. The conference will be the third Hormel Institute Symposium on "Frontiers in Cancer Research" and the eighth annual "International Skin Carcinogenesis Conference." The Symposium and Conference is expected to draw 200 skin cancer research scientists from around the world to Austin.
The Hormel Foundation is a non-profit 501(c)(3) organization established in 1941 by Hormel Foods Corporation founder George A. Hormel and his son, Jay C. Hormel. Contributions from the Hormel Foundation directly benefit the Austin area.