According to The Kiplinger Letter, The State of Maryland is likely to receive “nearly a half a billion” for infrastructure from the economic stimulus package signed into law this week by President Obama.
The federal infrastructure largess will be “divvied up three ways: 30% each for repairs to roads and bridges. The other 40% will go for intersection and safety improvements.”
But that’s just the infrastructure portion of the bill.
Julekha Dash and Daniel Sernovitz reported in this story in the Baltimore Business Journal that the big money winner in the state is Johns Hopkins.
“One of the biggest surprises in the stimulus package — even to some Hopkins staff — is the additional $10 billion increase in NIH funding, from $29 billion to $39 billion. That is a 34 percent increase for the agency whose funding had been flat for years.
The top recipient of NIH grants, Johns Hopkins University School of Medicine, receives about $580 million a year in grants that support cancer research, patient safety and treatments for neurological diseases.”
Money that flows into JHU also flows indirectly into Howard County. Dr. Chi Dang, vice dean of research for JHU School of Medicine predicts “There will be a lot of jobs: I can tell you that.”
14 hours ago