Stimulus Bill Opportunities

Wednesday, April 1, 2009

Subject: Recovery Act Application Language

From Steven J. Fluharty, Vice Provost for Research

We have prepared some suggested template language (see below) that can be included for stimulus funding applications to all federal sponsors that demonstrate Penn’s importance as an economic driver in the region. Please note that each application should also include an explanation on how it will  specifically generate more positions and create economic outputs as per the relevant goals of the Recovery Act. Please let me know if you need any additional information.

Goals of the Recovery Act:

  • To preserve and create jobs and promote economic recovery
  • To assist those most impacted by the recession
  • To provide investments needed to increase economic efficiency by spurring technological advances in science and health
  • To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits
  • To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases

Josie Rook
Office of the Vice Provost for Research
University of Pennsylvania
215-898-1572

SUGGESTED TEXT:

Office of the Vice Provost for Research
Penn Economic Impact Statements for Recovery Act Proposals

The University of Pennsylvania is a critically important economic driver for the Southeastern Pennsylvania region, encompassing a workforce in excess of 32,000 faculty and staff, a student body drawn from across the globe consisting of more than 20,000 fulltime undergraduate and graduate students, an annual operating budget in excess of $5.5 billion, a fully integrated, nationally acclaimed health system, and a world class research enterprise fueling new and important discoveries.  Penn’s aggregated annual economic impact is estimated to be approximately $10 billion and University activities sustain more than 100,000 jobs according to several studies. 
With approximately $800 million dollars in total sponsored awards in the last fiscal year, the Penn research enterprise can account for a significant portion of the University’s annual operating budget and is one of the principal reasons why the University is the largest private employer in the city of Philadelphia.   Penn research awards support the investigative activities of over 2,300 faculty investigators as well as translational and clinical research projects conducted in the University’s health system and are vital to the long term health of our region and the nation.        
Penn investigators frequently disclose new, breakthrough discoveries of commercial interest, with 332 reported in the last fiscal year alone and greater than 1500 over the course of the last 5 years.  Penn employs a dedicated staff to actively engage industry partners in moving investigator discoveries from lab to market, yielding considerable societal and economic benefits.  In addition to finding established partners to commercialize University discoveries, Penn investigators have been responsible for over 100 new companies being formed, most of which are still active and headquartered in the Southeastern Pennsylvania region.     

Return to Archive