Arlington, Va. (Sept. 29, 2022) – Aerospace Industries Association (AIA) President and CEO Eric Fanning today released a statement commending congressional passage of S. 4900, the “SBIR and STTR Extension Act of 2022,” a three-year reauthorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs:
“This legislation is a victory for American innovation. Small businesses are the lifeblood of our industry’s supply chain, and these vital research programs support and leverage their contributions to strengthen our national defense and manufacturing competitiveness. Amid the economic turmoil endangering small businesses across the country, a three-year extension will provide longer-term certainty for the many companies that rely on these investments to engage in game-changing research and development. We urge President Biden to swiftly sign it into law.”
###
