For Immediate Release: 12.15.2011
SBIR Extension Gives Small Businesses Room to Grow
Today Congress passed a bill to reauthorize the Small Business Innovation Research (SBIR) program for another six years. This long-term reauthorization is crucial for small business success, especially in this down economy.
The SBIR program makes critical investments in America’s small businesses, and taxpayers get a great return on those investments through job growth and economic expansion. Studies show the program has been responsible for 25 percent of all innovations in the last decade. In 2010 alone, $2.2 billion in SBIR funding was distributed to small businesses, which are often the catalysts of innovation.
The SBIR program is an invaluable asset to the small business community and our nation’s economic needs. We applaud lawmakers for putting small businesses before politics and reauthorizing this program for another six years. It will expand the bandwidth of innovative small businesses, helping them thrive and stimulate the economy.
Small Business Majority is a national nonpartisan small business advocacy organization, founded and run by small business owners, and focused on solving the biggest problems facing America’s 28 million small businesses. We conduct extensive opinion and economic research and work with small business owners, policy experts and elected officials nationwide to bring small business voices to the public policy table.
About Small Business Majority
Small Business Majority is a national small business advocacy organization, founded and run by small business owners to focus on solving the biggest problems facing America's 28 million small businesses today. Since 2005, we have actively engaged small business owners and policymakers in support of public policy solutions, and have delivered information and resources to entrepreneurs that promote small business growth and drive a strong, sustainable economy. We are a team of 37 working from our 14 offices in Washington, D.C. and 12 states, with a network of more than 40,000 small business owners and more than 2,000 business organizations, along with a formal strategic partnership program of more than 125 business organizations, enabling us to reach more than 500,000 entrepreneurs. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about issues including taxes, healthcare, access to capital, entrepreneurship, workforce development, clean energy and immigration. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.