Bill > SB811

This bill establishes the Pennsylvania SBIR/STTR Matching Funds Program to provide technology grants to small businesses, administered by the Department of Community and Economic Development. The program aims to foster job creation and economic development by supporting small businesses that have received federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) awards. Eligible businesses must be for-profit, headquartered in Pennsylvania, and have received a Phase I award from the Small Business Administration. Grants will match up to $50,000, with 75% of the funds disbursed upon receiving the Phase I award and the remaining 25% upon submission of the Phase II application. A business can receive only one grant per year, with a maximum of five awards total, and must commit to conducting at least 51% of the research in Pennsylvania. The application process will require detailed business information and documentation of the federal award. The General Assembly will appropriate funds for the program, which will take effect 60 days after passage, and the department may develop regulations to implement the program.

Budget and Finance, Business and Industry

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=811