The General Assembly finds that:
(1) The federal Small Business Innovation Research Program encourages innovative small businesses to engage in federal research and commercialization that has the potential for technological innovation and commercialization;
(2) Stimulating research and commercialization grows the economy by leveraging investment, creating exportable products and services, and creating and retaining high-wage, high-tech jobs in moderately and highly skilled occupations;
(3) Arkansas consistently ranks poorly among states in the number of federal Small Business Innovation Research grants awarded; and
(4) An inducement, in the form of a matching grants program, is needed to encourage Arkansas businesses to apply for federal Small Business Innovation Research grants and realize economic benefits of commercialized research.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 3 - Division of Science and Technology
Subchapter 7 - Arkansas Small Business Innovation Research Matching Grant Program
§ 15-3-702. Legislative findings
§ 15-3-706. Application requirements