Madam Speaker, St. John's East is the home of Memorial University, the university of Newfoundland and Labrador. There are over 18,000 full-time students at the institution. There is an engineering faculty, a business faculty, and social sciences. There is a new science building, to which our federal government has contributed $100 million in infrastructure funding. There is a world-class medical school. Within each of these departments and programs, there are researchers who are solving today's problems. However, they often cannot do that without the support of additional faculty, without research staff, and without Ph.D. students who are working on those problems with them. In order to build those labs, build that base of knowledge, and have that work done, they need additional funding and support.
The granting councils have been underfunded for a long time. The recent report that led to our increase in research funding called specifically for a massive injection of federal government dollars into primary research so that these problems can be solved. Ultimately, and we see it within the incubators at our national universities, companies develop out of this primary research, and those companies go on to sell products not only in Canada but in global markets. The people who work in those companies have high-quality, interesting jobs that keep them in their local communities and at the universities, and drive the cycle of growth that we need in the 21st century.