Receive industry and products news from the market categories that matter to you most.
Stay up to date on industry news and trends, product announcements and the latest innovations.
NIST to receive $610 million through recovery act.
Press Release Summary:
Mar 16, 2009 - NIST will receive $610 million in funds as part of American Recovery and Reinvestment Act of 2009. Total includes $220 million in direct appropriations for research, grants, fellowships, and advanced research/measurement equipment and supplies. It also allocates $360 million for research facility construction, $20 million for standards-related work on electronic medical records, as well as $10 million to develop framework for nationwide interoperable smart grid for U.S. electric power system.
Original Press Release
NIST to Receive $610 Million Through Recovery Act
Press release date: Mar 10, 2009
The act provides $220 million in direct appropriations for NIST laboratory research, competitive grants, research fellowships, and advanced research and measurement equipment and supplies. An additional $360 million in direct appropriations is provided for construction of research facilities, half for NIST projects and half for a competitive grant program for science research facilities outside of NIST. Additional funding transferred to NIST from other federal agencies includes $20 million for standards-related work on electronic medical records to assist in modernizing the health care system and $10 million for collaborative efforts to develop a comprehensive framework for a nationwide, fully interoperable smart grid for the U.S. electric power system.
"With this funding, we expect to create jobs and advance the U.S. science and technological infrastructure by building critically needed research facilities, expanding fellowships and research grants, and addressing important national priorities critical to our nation's future," said NIST Deputy Director Patrick D. Gallagher.
Department of Commerce agencies receiving one-time funds through the act are required to submit a plan to Congress with specifics on how allocations will be spent within 60 days of the legislation being enacted. Once completed, NIST's plan will be available to the public, along with directions for applying for research fellowships, grants or construction funding at the Department of Commerce's and NIST Web sites.
"We take very seriously the requirements to ensure that the Recovery Act funding is used as effectively as possible for near-term economic benefits and longer-term economic growth," said Gallagher. "We will use these funds wisely and in a manner that ensures transparency and accountability."
Requests and applications for funding will be accepted when instructions and rules are posted for specific competitions.
Once completed, NIST's plan will be available to the public, along with directions for applying for research fellowships, grants or construction funding at:
Recovery.gov-the ARRA portal site for the Federal government
www.commerce.gov/Recovery-ARRA news from the Department of Commerce
www.nist.gov/recovery-ARRA news from NIST
Media Contact: Ben Stein, firstname.lastname@example.org, (301) 975-3097
Don't miss the latest news!