Wednesday, April 01, 2009

In Tough Economy, MSIs Win Funding Increases

In Tough Economy, MSIs Win Funding Increases: With Congress completing work on a $ 410 billion omnibus spending bill, minority-serving institutions can point to some tangible funding gains in the first months of 2009 with the possibility of more gains ahead.

From earmarks for individual colleges to little-noticed provisions of the economic stimulus package, MSIs have realized gains that may help cushion the effects of the ongoing economic downturn. The stimulus package, for example, includes $15 million for the U.S. Department of the Interior to support historic preservation at historically Black colleges and universities.

HBCUs have $700 million in historic preservation needs, says Edith Bartley, government affairs director at the United Negro College Fund. She notes, “We’re thrilled with this investment. It’s a step in the right direction.”"