Recovery Act Is Creating Jobs

Written by ysdata on September 30, 2009 – 9:25 pm

Earlier this year President Obama announced $5 billion would go to medical research projects. These projects are creating jobs, and it’s all proof that the Recovery Act is working.

When the Recovery Act was announced, and we learned that NIH (National Institutes of Health) was going to receive over two years — $10 billion to spend on advanced medical research, the NIH started very quickly putting into place new programs for investigators to send in their most innovative ideas. The NIH guessed that — 50 thousand jobs would be created out of this circumstance.

On top of that, all of the money that goes into NIH multiplies itself, because those Recovery Act investigators need supplies and equipment which come from many business right here in the United States. Therefore, within one year, $1 of NIH funding is actually creating more than $2 worth of economic goods and services for the overall economy.

Johns Hopkins health system actually hired about 55 thousand from the state of Maryland, and the school of medicine actually has 13 thousand employees. Since the increase, Johns Hopkins has hosted several job fair to brace for the new influx of talent (meaning new careers are being created). Because of the investment — the Recovery Act, Johns Hopkins has been able to apply new knowledge, employees, and innovations to their research.

Creating Jobs With Recovery Act Funds

http://www.youtube.com/watch?v=W5xgGR-uGsc

Creating Careers We are at a unique moment in terms of scientific job opportunities. A number of things have happened in the last three or four years to make advances in cancer, heart disease, diabetes, mental illness, and other long term illnesses. The Recovery Act provided opportunities at just the right moment.