The number of lottery-funded endowed research chairs at the state’s three research universities could continue to grow under legislation approved Wednesday by the House Ways and Means Committee.
The legislation that created the $30 million-per-year program would have ended funding at $200 million, or in the year 2010, whichever came first. The new legislation would eliminate those limits.
So far, the General Assembly has allocated $180 million to the Centers for Economic Excellence, the official name for the program. Those funds must be matched with other endowment funds, and the interest on the endowments is spent on the research programs.
Centers of Excellence received $2 million to $5 million from the CoEE board of review, and an equal amount is provided from other private, corporate or federal sources.
The CoEE has authorized 34 such centers, and researchers have been hired for 15 of them. University officials estimated the $180 million might eventually support 50 centers with endowments and world-class researchers at their core.
The University of North Carolina at Chapel Hill, for comparison, has created 208 new endowed research chairs as part of a capital campaign that raised $2.38 billion.
Lawmakers emphasized that the legislature will still have to authorize the spending each year, and some made clear their priorities may lie elsewhere.
Rep. Ken Kennedy, D-Williamsburg, asked Committee Chairman Dan Cooper, R-Anderson, what would happen if the legislature decides it must choose between the research funding, and the lottery-funded scholarships such as LIFE and Palmetto Fellows.
Cooper responded that at this time, the choice is unknowable.
But talking about the individual students’ scholarships, Cooper added: “I don’t see how we can back away from that.”
Representatives of the University of South Carolina, Clemson University and the Medical University of South Carolina made presentations to the two dozen members of the House budget-writing committee, describing research and economic development missions they say could transform South Carolina.
House Speaker Bobby Harrell, R-Charleston, took the podium to support the bill he co-authored. He said if South Carolina had done what North Carolina did four decades ago in creating the Research Triangle, it might be South Carolina with the higher per-capita income today instead of North Carolina.
“This is one of the most important things we have done since I have been a member of the General Assembly,” Harrell said.
USC Vice President for Research and Health Sciences Harris Pastides said the CoEE is gathering attention nationally and internationally.
“It brings the universities outof their ivory towers and onto Main Street,” Pastides said.
John Raymond, provost and vice president for academic affairs at MUSC, said the state funds have allowed his institution to attract $55.5 million in matching funds so far.
When asked by Kennedy how much of the lottery funds contribute to research professors’ salaries, Raymond said it is standard practice for MUSC to expect such grant-driven research to generate at least
75 percent of the lead researcher’s salary from other sources.
“These are not meant to be ‘fat cat’ awards for people who are at the end of their careers,” Raymond said.
Chris Przirembel, vice president for research and economic development at Clemson, said the $18 million in endowed chair funds that Clemson has received so far was the catalyst for an additional $200 million of investment in Clemson’s International Center for Automotive Research.
ICAR “absolutely” would not have happened without the seed money provided by the CoEE, Przirembel said.
The change in the law to allow future funding for the CoEE will require passage in the full House and Senate.
— James T. Hammond,
jhammond@thestate.com