Can a US company, owned by a foreign entity, receive ARRA stimulus funds?

The NIH Grants Policy Statement defines a domestic organization as “A public (including a State or other governmental agency) or private non-profit or for-profit organization that is located in the United States or its territories, is subject to U.S. laws, and assumes legal and financial accountability for awarded funds and for the performance of the grant-supported activities.” Pursuant to this policy, organizations owned by a foreign company are eligible for NIH’s ARRA programs if the applicant organization is located in the US and the work will be performed in the US by US citizens and/or foreign nationals.  more