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University of Missouri officials plan to make big cuts to an investment program in order to balance the books after a surprise cut in state funding.
The UM System says the Enterprise Investment Program’s budget will drop from $5 million to less than $3 million. UM System Vice President for Finance and Administration, Nikki Krawitz, said the year-old program helps bring University research and inventions to the marketplace.
An American flag blows in the wind, attached to a downed limb, near a home that has been destroyed in Joplin, Missouri on May 23, 2011. A massive tornado hit the small southwestern Missouri town on May 22, 2011.
Exactly a week after Joplin was hit by the deadliest tornado to strike the U.S in decades, President Barack Obama visited the Missouri city to offer hope to survivors and promises of help. Obama took to the stage during the Joplin Community Memorial Service, delivering a message of hope and support.
Along with promises to help rebuild the devastated community, Obama honored some of Joplin’s “heroes,” whom he says acted swiftly – often at the expense of their own lives – to save those around them.