Political Quotes

On the recordMay 31, 2011
Mr. Speaker, I rise in support of S. 1082, and in strong support of the Small Business Innovation and Research program. I urge my colleagues to vote yes, and send this extension to the President to prevent this crucial program from lapsing. This is a short term extension, coming on the heels of 10 short term extensions in the past 3 years. While I urge my colleagues to vote yes, I also urge members on both sides to continue working on a long term reauthorization that brings certainty to this program while at the same time preserving the initial intent of SBIR: the nurturing of bona fide and innovative small businesses. As of 2010, SBIR had granted 88,651 awards, totaling over $28 billion, to Small Businesses around the country. This program supports two of the things that I've spent my 35 years in Congress fighting hard to advance: innovation and small business. Nationally, the program is an unparalleled success. Even though SBIR only accounts for 2.5% of the Research and Development extramural budget, SBIR has provided 25% of the 100 most important innovations as reported by R&D Magazine. SBIR is the nation's largest source of early-stage research and development funding. This program has provided for more than 50,000 patents since its inception, successfully harnessing the proven innovative power of small, technology-based businesses to meet the nation's technology needs. On average, SBIR generates seven new patents per day--which is far more than all U.S.…
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Ed Markey
Democratic · Massachusetts

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