Rep. Gordon: 'Timely And Targeted' Stimulus
The economic stimulus package approved by the House on Wednesday included substantial investments in research and development -- provisions that Science and Technology Committee Chairman Bart Gordon called "timely and targeted." The allocations, which now await Senate consideration, will create high quality jobs in the short-term while making strides to strengthen U.S. competitiveness in the long-term, he said in a press release. "We need to create jobs now, certainly, but if we do not address one of the roots of the economic collapse -- our competitiveness -- we could create jobs now, only to lose them in the future to foreign competition," he said.
Some highlights include:
▪ Funding to establish the Advanced Research Project Agency, which will support high-risk, high-reward research into energy sources and energy efficiency.
▪ National Institute of Standards and Technology funding for competitive construction grants as well as money for federal programs that provide technical assistance to small manufacturers and financial assistance for small high-tech entrepreneurs.
▪ Efficient electricity grid investments, a portion of which will promote research and development, pilot projects, and federal matching funds.
▪ Funding for energy efficiency, renewable energy and carbon capture and sequestration research, development, demonstration, and deployment.
▪ NASA funding that will to put more scientists to work doing climate change research, including Earth science research.
▪ Funding for National Science Foundation grants that will put scientists to work and keep promising younger researchers in the pipeline.
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