President Obama is announcing $5 billion in grant awards to fund cutting-edge medical research in all 50 states.
Today, President Obama is announcing $5 billion in grant awards to fund cutting-edge medical research in all 50 states. To put this investment in context and better understand how it will create jobs and fuel advancements, check out this video of experts from NIH, including Director Francis Collins:
download .mp4 (60 MB)
In addition to supporting the full spectrum of medical research, the 12,000+ grants will create tens of thousands of jobs over the next two years. In the President's words:
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. 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.
The President will speak at the NIH shortly, which you can watch live from NIH's site.