ARRA Funding Comparison

Compiled at EpiVax by K.W.Commentary by Anne S. De Groot

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Main Findings

• There is a significant difference between colleges/universities and companies when it comes to use of ARRA funds.

• Academic institutions received 10 times as many ARRA awards as companies. • The number of awards per institution was 7 times higher for academic centers than for companies. • The number of jobs created per award was much lower – only ONE job was created per award by academic centers, whereas TWO were created by companies.

ARRA funds were inequitably distributed: Companies got far less ARRA investment than academic centers.

Job creation was more effective in companies.

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Overview of Colleges/Universities and Companies

• The table presented here provides a side-by-side comparison of the overall measures obtained to compare ARRA funding use between colleges/universities and companies.

• Colleges/Universities received 10 times as many individual awards per institution and ~10 times more funding than companies.

• The amount of ARRA funding per institution was 7 fold higher for Academic institutions than for companies.

Colleges/Universities Companies

Number of Institutions 546 424

Total Number of Awards 15,246 1,104

Total ARRA Funds Received $2,062,121,971 $217,284,086

Total Jobs Created 20,543 1,750

     

Amount Per Institution $3,776,780 $512,462

Cost per Job Created $100,381 $124,162

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  Colleges/Universities Companies

Average ARRA Funds Received per Award $135,256.59 $196,815.29

Average Jobs Created per Award 1 2

Average Cost per Job Created $100,382.08 $124,180.78

Comparison of Colleges/Universities and Companies

• The table presented here provides a side-by-side comparison of the averages of the measures used to compare ARRA funding use between colleges/universities and companies.

• ARRA funding received by companies was slightly higher, on average, than the amount received by colleges/universities.

• Companies created 2 new jobs on average per award while colleges/universities only created 1 new job on average.

• While the average investment per new job created was ~1.25 times higher for companies than for colleges/universities, more jobs were created per award by companies than academic centers.

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• The most recent government report was downloaded from http://www.recovery.gov/FAQ/Pages/DownLoadCenter.aspx.

• The list was sorted by funding agency and those awards funded by the National Institutes of Health (NIH) and the National Science Foundation (NSF) were separated out.

• Colleges/universities and those institutions with LLC/INC in their names were further separated into separate lists.

• Once the two lists had been created, comparisons were performed for each category of institution so as to determine which group made the best use of ARRA funding.

Methods