The president spoke to the National Academy of Sciences today to annouce a shift in funding back into science and engineering research. Increasing he funds availible to NSF and creating the ARPA-E project will increase pure research spending in this country to the levels it was during the Space Race.
Because a majority of research in this country is done at a university level hopefully this will further the economic assistance to Higher learning Institutions. It is exciting to be part of the reinterest in science and enginering. The news today comes on the heels of the refocus of government spending on infrastructure. As an academic in civil engineering I am posistioned at the intersection of the stimulus spending, education spending and now the increase in striaght research spending.
In an effort to cover all bases the program announced today also include making the research and innovation tax credit permanent in order to foster private investment in research. I imagine many firms looking to take advantage of the credit don't have inhouse R&D outfits. This may lead to an increase in private companies partnering with research universities to complete projects with an aim at marketability. Again the prospect of any more funding at universities will benefit the student populations as well as the direct receipants of the funding.