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Bill 2763 Could Help Small Businesses

Bill 2763 Could Help Small Businesses

For small businesses to remain competitive in this economy there has a chance for them to participate as a viable competitor. This is the goal of a United States bill that has passed through the House of Representatives and is moving forward to be voted on by the Senate.

The Small Business Innovation Research and Small Business Technology Transfer Improvements Act, aka Bill 2763, could give small businesses the most beneficial positioning they've had in decades in terms of securing government contracts. As the bill states, the Small Business Administration would be required to provide Congress with detailed reports of their many programs, a clear shift in transparency that could work to help small businesses. Also, under this proposed legislation the Department of Defense would have to consider and select  small businesses for their contracted work more than they have in recent years.

Bill 2763 was authored by Steve Knight, representative of California’s 25th congressional district. According to Knight, not only do these programs increase safety and economic stability, but also “give the opportunity for America’s small businesses to participate in the national security needs for innovation in our country.”

Knight is also quoted saying, “These programs sponsor developments that allow us to compete in the international marketplace and provide innovative tools supported and created by local entrepreneurs that contribute to American security.”

The Chairman of the House Science, Space and Technology Committee, Representative Lamar Smith from Texas’ 21st district, provided some background in a statement.

“The SBIR [Small Business Innovation Research] and STTR [Small Business Technology Transfer] programs, through their $3 billion in annual awards to small businesses, spur many innovations and create thousands of jobs. This legislation updates these crucial programs.”

At Macro Systems, we understand how important the right technology works for small businesses and can help your organization get the most out of your technology investments. For more information, reach out to us at 703-359-9211.

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