There are a number of bills in Congress that could affect entrepreneurs and investors. As federal policymakers on Capitol Hill work to reduce the nation’s deficit and unemployment rate, they are simultaneously introducing legislation intended to drive job and GDP growth. Although not likely to pass exactly as outlined, the bills include funding opportunities that support entrepreneurship and incentives that promote research and investment in young, innovative companies.
Here are some of the proposed legislation that could impact entrepreneurs and investors:
Small Business Innovation Research: As I mentioned in an earlier blog post, the Small Business Innovation Research (SBIR) program fills a gap in startup financing by offering grants to technology ventures in the product development stage. To date, $16 billion in SBIR grants have been awarded by federal government agencies to small, technology-based companies. The SBIR program officially expired in 2008 and since then, Congress has passed 12 continuing resolutions to keep the program running a few months at a time. In May President Obama signed an extension through September 30, 2011 just hours before it was due to expire. This bill (H.R. 1425) would reauthorize the SBIR program through 2014 and is sitting on the House floor awaiting debate.
To read the full, original article click on this link: JumpStart: IdeaExchange Blog » Blog Archive » Could the Government Save You Money?
Author:Leah Yomtovian
