Rural Innovation and Small Business Support Act

Bill 119 hr 1590, also known as the Rural SBIR/STTR Enhancement Act, aims to require Federal agencies that have Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs to improve their outreach efforts to rural communities. These programs provide funding opportunities for small businesses to engage in research and development projects that have the potential for commercialization.

The bill recognizes that rural communities often face unique challenges in accessing and participating in these programs due to factors such as limited resources, lack of awareness, and geographic isolation. By enhancing outreach efforts to rural areas, the bill seeks to ensure that small businesses in these communities have equal access to the benefits of the SBIR and STTR programs.

In addition to improving outreach, the bill also includes provisions for reporting requirements to track the effectiveness of these efforts and ensure that rural communities are adequately represented in the programs. Overall, the Rural SBIR/STTR Enhancement Act aims to promote economic development and innovation in rural America by increasing access to federal funding opportunities for small businesses in these communities.