Friday, March 27, 2009

Stimulus for Science & Technology

Now that Obama's $787B stimulus plan (ARRA -America Recovery and Reinvestment Act 2009) has moved into action, let us take a look at the one time bonanza Science & Technology is getting. Depending on how you classify the various line items the amount allocated for Science & Technology can vary from $55 Billion to $65 Billion to be spent in the next two years.

The major items for scientific research are:

1. $10.4B to National Institute of Health (NIH)
2. $1.12B to National Institute of Allergy and Infectious Diseases (NIAID)
3. $3B to National Science Foundation
4. $2B to the United States Department of Energy
5. $1.3B to University Research Facilities
6. $1B to NASA
7. $830M to National Oceanic and Atmospheric Administration (NOAA)
8. $580M to National Institute of Standards and Technology
9. $140M to United States Geological Survey

Check the web sites for the above agencies to find out the details for usage of the funds.

The major items for Technology are: (I am not sure how one can track these - but check out which is supposed to provide the information related to AARA fund usage)

1. $19B for Health Information Technology (of which $17.2B will be incentives provided through Medicare & Medicaid)
2. $11B for an electric 'smart grid'
3. $7.5B for complete broadband and wireless access
4. $2.5B for energy efficiency research
5. $2 B for advanced car battery systems
6. $400M for electric vehicle technologies

Not only do these provide great opportunities for research, but also will result in signifiant benefit to the economy in the next few years.

No comments: