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Boosting Rural Small Businesses: Easier Access to Federal Innovation Funds.

This law requires federal agencies to actively reach out to small businesses located in rural communities. The goal is to increase their participation in federal research and development funding programs (SBIR/STTR). For rural residents, this means potential growth in innovative local businesses and new job opportunities.
Key points
Federal agencies must now enhance outreach efforts to promote innovation funding programs (SBIR and STTR) specifically to small businesses in rural areas.
The change aims to make it easier for rural entrepreneurs to access millions of dollars designated for developing new technologies and research.
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Additional Information
Print number: 118_HR_9797
Sponsor: Rep. Alford, Mark [R-MO-4]
Process start date: 2024-09-25