PROVIDENCE – Colleges and universities in Rhode Island and Bristol County, Mass., were awarded $96.85 million from the economic stimulus law in its first 11 months, according to figures compiled by Providence Business News.
About 90 percent of that total – $86 million – went to just two institutions, Brown University and the University of Rhode Island, according to figures published by the Obama administration on Recovery.gov.
Brown said this week that its faculty members have secured a total of $33.3 million in stimulus-funded research grants since President Barack Obama signed the law a year ago this week.
The money covers nearly 50 individual research awards for the study of subjects including public health, brain computer interfaces and robot learning, the university said. The full listed was posted at brown.edu.
“Increased federal funding allows us to do more scientific research, which in turns leads to more discoveries,” Clyde Briant, Brown’s vice president for research, said in a statement. “Through these discoveries – whether new drugs, new materials, new algorithms or simply new ideas – science has an impact on everyday life.”
URI said its faculty members had been awarded $12.3 million in stimulus-funded research grants from the National Institutes of Health and the National Science Foundation as of last month.
URI researchers submitted 82 grant applications last year for research on topics including pharmaceutical science, oceanography and nursing and more may win approval this year, the school said.
“The stimulus act has two broad goals: to stimulate job creation and make investments that have long-term benefits,” Peter Alfonso, URI’s vice president for research and economic development, said in December. “Funding research accomplishes both goals.”
The third-largest total went to Bristol Community College in Massachusetts, which received $6.34 million. Other schools received far smaller amounts, mostly to fund student work programs, led by $704,090 granted to Wheaton College in Norton.
After Wheaton came Providence College ($670,334), followed by Johnson & Wales University ($503,750); Roger Williams University ($366,800); Rhode Island College ($323,882); Bryant University ($303,930); the Community College of Rhode Island ($239,565); Stonehill College ($239,487) and Salve Regina University ($141,080), according to Recovery.gov.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.