From the Acting NIH Director-
On Tuesday, February 17, 2009, President Barack Obama signed the American Recovery & Reinvestment Act of 2009 (ARRA), the economic stimulus, into law. This is an extraordinarily challenging time for our entire country, and NIH is extremely grateful to President Obama and Congress for recognizing both the economic and health impacts of biomedical and behavioral research. The $10.4 billion of investment will have an impact beyond the funding horizon of this Act, as it also supports the economic stimulus.
We are well positioned to fund the best science in pursuit of improving the length and the quality of the lives of our citizens, while at the same time stimulating the economy of the 50 states and territories, through more than 3,000 institutions we currently fund to conduct outstanding biomedical and behavioral research-- institutions that have a direct impact upon the local economies in their towns, cities, and states.
The purpose of the ARRA is to:
1) preserve and create jobs and promote economic recovery.
2) assist those most impacted by the recession.
3) provide investments to increase economic efficiency by spurring technological advances in science and health.
4) invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits.
5) stabilize state and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.