Jobs in Birmingham Created by Research Funding
The American Recovery and Reinvestment Act has helped to create new research jobs in Birmingham.
About $49 million in federal stimulus funds slated for research have helped create about 53 full-time jobs at the University of Alabama at Birmingham. The school expects to create hundreds of research jobs by the beginning of next year, according to an article by the Birmingham Business Journal.
The added positions are a welcome asset to UAB, which saw its state funding decrease by $95 million from last year, causing the schools' health system to cut 245 jobs during June. While stimulus funding won't fully offset the impact of state budget cuts, the money will allow UAB to sustain and expand some of its research operations.
Earlier this year, UAB researchers submitted 500 applications for National Institutes of Health stimulus fund grants. So far, the school has received a total of 142 ARRA grants.
That funding includes four core support grants for UAB's Comprehensive Cancer Center totaling $2.4 million, a grant for the Center for Clinical and Translational Science totaling $981,624 and a grant for the Diabetes Research and Training Center totaling $786,000.
Other firms throughout Birmingham are still awaiting news on whether or not they will be receiving ARRA funding for research initiatives. Discovery BioMed Inc., a biotech startup, applied for more than $5 million in funding, which the company would use to develop and commercialize drugs, as well as hire two full-time scientists and one business development employee.
The Birmingham area could benefit from the additional jobs, as the local economy has continued to lose workers as of late.
During September, the Birmingham-Hoover area saw its unemployment rate remain flat at 10.2 percent, following an increase from 9.9 percent during August. The current rate was slightly higher than the national unemployment rate at the time of 9.8 percent.
The area had a total non-farm employment of 506,400 workers during September, according to the U.S. Department of Labor Bureau of Labor Statistics. This is down from 508,500 workers during August and a 3.7 percent decrease from last year.
February 13th, 2010 - 03:42
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