We invest in our country’s small businesses because small businesses
invest back in our economy. With small businesses creating nearly two
out of every three net new jobs, you probably have a friend, neighbor or
family member who makes their livelihood by working for a small
business. These employees enter an environment that supports innovation
and ingenuity, as small businesses invest in research and new programs
to spur economic growth and reduce our country’s energy usage.
Last week, I wrote about our Phase III awards, $30 million in funding available to be awarded to help qualified small businesses bring their ideas to the marketplace. Today, we are showcasing the results of our Phase II awards -- over 200 awards totaling $188 million have been awarded to qualified small businesses in 34 states. These awards will be used to develop clean energy technologies that have the potential to be commercialized, thus continuing to allow the small businesses to create new jobs in their communities. These awards will provide funding at a key stage in the technology development cycle, helping innovators develop prototype technologies that can then be manufactured, creating clean energy jobs and economic opportunity.
To read the full, original article click on this link: How the Recovery Act is Effecting Small Business Innovation | The White House
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