Bethesda, MD - In a visit to the National Institutes of Health (NIH) campus, President Barack Obama announced $5 billion in grant awards under the American Recovery and Reinvestment Act of 2009 (Recovery Act) to fund cutting-edge medical research in every state across America. The more than 12,000 grant awards are expected to create tens of thousands of jobs over the next two years and are part of an overall $100 billion Recovery Act investment in science and technology to lay the foundation for the innovation economy of the future.
“We know that this kind of investment will also lead to new jobs: tens of thousands of jobs conducting research, manufacturing and supplying medical equipment, and building and modernizing laboratories and research facilities,” said President Obama. “I’ve long said, the goal of the Recovery Act was not to create make-work jobs, but jobs making a difference for our future. There is no better example than the jobs we will produce or preserve through the grants we are announcing this morning.”
“This historic investment demonstrates this administration’s commitment to pushing the boundaries of science and turning those discoveries into benefits for the American people. NIH researchers and grantees are already conducting some of the world’s most groundbreaking biomedical research, said Secretary Kathleen Sebelius. “These awards will accelerate our progress towards the new medicines, treatments, and cures that will help Americans live longer, healthier lives.
By creating brand-new programs, such as Challenge Grants, Grand Opportunity grants, and Signature Initiatives, NIH is funding innovative research throughout the nation. The grant awards will support the full spectrum of medical research—from basic research to clinical and translational studies. The Recovery Act funded NIH grants are in several areas including heart disease, autism, HIV-AIDS, H1N1 Flu and cancer.
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