Research funding has been in a slump thanks to the economy but that’s about to turn around with Obama’s recent announcement that $5 billion in research grants will be made available. The announcement was made Wednesday September 30th, 2009 at NIH. Grants are designed to support research for several major diseases, including cancer and heart disease. With the new grant funding, researchers and labs will be able to apply for government research grants and federal research grants to help fund both the staff and the procedures necessary to find cures for these diseases.

The idea behind the NIH grants is to stimulate the economy by providing jobs in research areas. The research grants are actually coming out of the economic stimulus fund set up previously and the research funding is an important step, according to Barack Obama, in improving public health while simultaneously creating jobs.

The federal research grants could go a long way toward some very important research. Now that the government research grants have been announced, there will be a rush to apply for the new grant funding, particularly by those research labs that lack the funds to hire staff at the moment. It’s no secret that many researchers have lost their jobs thanks to economic issues, something that the government is hoping to change with this new method of stimulating the economy.

In today’s economy, federal research grants are much needed. With $5 billion in government research grants, grant funding can be extended to a number of research facilities. If you’re interested in getting in on the NIH grants and qualify for the research grants, you’ll need to act quickly. The time to apply for research funding is now. To get more details on how you can get grant money for your research, try our 3 day trial membership. You can sign up for it in the upper right hand corner of this page and get complete access to Government Grant Source for 3 days. Sign up today and find out how you can get a piece of the $5 billion in research grants.