U Research Tops One-third Billion Dollars
New Record, Despite Recession, Boosts Utah's Economy
Aug. 4, 2009 - The University of Utah collected a record
$354.7 million in research funding during the 2009 fiscal year, an impressive 16 percent annual increase despite economic recession and only a little help from federal stimulus funds.
"Given these difficult economic times, this is a remarkable increase in funding for the university's scientific, engineering and medical research," says University of Utah President Michael K. Young.
"Most of this money comes from outside Utah, so it directly fuels our state's economy," he adds. "This research money provides laboratory jobs, fosters a top-notch education for students and advances the state of knowledge for humanity's benefit."
The university's research funding totaled $354,659,178 for the fiscal year that ended June 30, 2009,
up more than $49 million from $305,621,461 during the previous fiscal year.
http://unews.utah.edu/p/?r=080309-1