Business, nonprofit funding for projects increased during difficult economic time
During an economically difficult year, Missouri State University received more than $18 million in grants, according to the office of sponsored research and programs. During Fiscal Year 2011, which ended June 30, 153 grants were awarded, totaling $18,718,505 in additional resources for the university.
Externally sponsored grants and contracts assist university departments, faculty and staff in achieving their goals of education, research and service projects. The economic downturn greatly reduced the amount of funding available from many of federal and state sources, but according to Marina Zordell-Reed, sponsored research and programs coordinator, funding from non-profit agencies and businesses increased by more than 50 percent. “If this trend continues, we should find ourselves in very good shape once the federal and state agency funding stabilizes,” she said.
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