Rowan University will spend $50 million over the decade to help create a medical research program at the Cooper Medical School of Rowan University.
The investment will add to the city of Camden’s revitalization efforts and create new economic opportunities in the “eds and meds” corridor that the city began promoting earlier this year. The funding will be used, in part, to develop programs, attract top researchers, and provide seed money and startup costs for researchers, said Ali Houshmand, Rowan’s president, in a release.
“Medical research programs, as we envision at Cooper Medical School of Rowan University, have great potential to impact education, our health care system and the economy,” said Houshmand. “We believe this investment and the collaboration with Cooper University Health Care physicians will build upon CMSRU’s strong reputation and strengthen Camden’s ‘eds and meds’ corridor as an important destination for medical and bioscience research, and is in keeping with our recent designation as a Carnegie research institution. […] Attracting top students and health care professionals benefits patients, it benefits our health care system and it provides additional economic opportunities in Camden.”