Thursday, July 9, 2009

The Enhancing Small Business Research and Innovation Act of 2009 Approved

The Enhancing Small Business Research and Innovation Act of 2009 was approved on a vote of 386-41.

The bill reauthorizes the Small Business Innovation Research program and the Small Business Technology Transfer program. Those programs deliver nearly $2.3 billion to the country’s small businesses.

Joseph Morton of the Omaha World Herald reports,

Rep. Adrian Smith, R-Neb., wrote the rural-priority language in the legislation. Smith said rural areas could use greater consideration in the grant process. Smith said, “This is important to areas such as my home state of Nebraska, which tends to have low participation in the programs but are nonetheless home to entrepreneurial and innovative small business owners.”

As Morton reports, this could mean great things for America's struggling farmers. What innovations may we see in the next few years as a result of the government boost?

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