Colleges prepare for research funding cuts
3/24/2013COLUMBUS — Ohio universities are trying to prepare for decreased federal research funding caused partly by automatic federal budget cuts that took effect this month.
The automatic cuts took effect March 1 after the White House and Congress failed to agree on a better plan to reduce spending.
Thousands of scientists at universities across Ohio face the research funding threat that is prompting university officials to search for new investors.
The National Institutes of Health and the National Science Foundation sent more than $800 million to Ohio universities and research institutes last fiscal year. But the foundation has warned that it may cut 1,000 of the grants it awards annually for new research studies.
Both agencies say they are trying to determine how to make the necessary cuts to their budgets.