
SBIR: Federal R&D Grants for Small Companies
FuzeHub provides background on the SBIR Grants and our Workshop Series to help guide companies in securing R&D grants from the federal government.
FuzeHub provides background on the SBIR Grants and our Workshop Series to help guide companies in securing R&D grants from the federal government.
“Empire State Development (ESD) today announced that six New York organizations were recently awarded nearly $2 million in federal funding from the United States Department of Commerce’s Economic Development Administration (EDA) to promote innovation and strengthen economic growth initiatives. Three of the awardees are centers supported by ESD’s Division of Science, Technology and Innovation (NYSTAR).”
This report describes federal programs that are available to help U.S. manufacturers succeed.Many are administered by various agencies of the U.S. Department of Commerce, but entities like the Department of Energy and Department of Defense also play an important role in spurring demand for innovation in manufacturing.
Empire State Development (ESD), New York State’s chief economic development agency, offers incentives and programs to NYS manufacturers. To support businesses and encourage growth, ESD provides loans, grants, tax credits, and other financial and technical assistance. For manufacturers across the Empire State, ESD funding opportunities through Global NY, START-UP NY, and the New NY Broadband program can foster innovation, expansion, and increased profitability.
Federal tax credits for research and development (R&D) aren’t just for large companies performing groundbreaking research. Thanks to the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), businesses of all sizes can benefit from the R&D tax credit. That’s good news for startups and small-to-medium sized businesses, but applicants still need to establish a documentation process and appropriate tracking mechanisms. Is your NYS business able to claim this federal tax credit?
Private industry is paying for a growing share of shrinking R&D. What does this mean for U.S. economic competitiveness in manufacturing?
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