LAS CRUCES, (AP) — New Mexico State University is facing a squeeze in research funding.
The L[auth] as Cruces Sun-News reports Monday that research and development funds have decreased more than 16 percent at NMSU as federal funding has decreased and nationwide competition for grants and contracts has increased.
For fiscal year 2010, the peak of federal stimulus initiatives, NMSU’s sponsored awards expenditures were $163 million.
The next year, expenditures dropped to $157 million. It dropped further still in fiscal year 2012 to $136 million.
Jeff Arterburn, who is working to develop a new class of drugs to combat breast cancer, says funding rates for applications going in are at historic lows. And he fears his research could be halted if the National Institutes of Health doesn’t renew funding.