Michigan State University has won a $550 million dollar grant from the Department of Energy to create an updated particle acceleration study program.

MSU beat out Argonne National Laboratory for the grant, which is expected to create $1 billion in economic growth and $187 million in tax revenues over the next 20 years, as well as 300 jobs for scientists, 5,800 one year construction jobs and 220 spin off jobs.

 The grant will fund the creation of The Facility for Rare Isotope Beams. It will create a next generation super conducting linear particle accelerator which is 1000 times stronger than the current National Superconducting Cyclotron Laboratory, and in some instances will be up to 100,000 times stronger than the current facility.