Nydia M. Velazquez: “But it is important to remember that the Nation's 26 million entrepreneurs have always led America's way to economic…”

“But it is important to remember that the Nation's 26 million entrepreneurs have always led America's way to economic recovery and sustained growth. That was the case during the last slowdown, when the technology sector--led by small startups--provided the foundation for the booming economy of the 1990s. It can be true again today. Over the past decades, research conducted by entrepreneurs in the Small Business Innovation Research and the Small Business Technology Transfer programs has bolstered every area of American life. The important contributions of these small research firms span such varied disciplines as national security, energy efficiency, and public health infrastructure. The measure that is before the House today reauthorizes SBIR and STTR. Together, the programs make up the largest government-wide R&D initiative, and they can help us emerge from weak economic times yet again. Just as importantly, the reauthorization will ensure these successful programs continue to spur innovation and job growth, while keeping America at the forefront of the global marketplace.”