March 5, 2018
March 1, 2018
Planning, Housing & Economic Development Committee
Robert H. Drummer, Senior Legislative Attorney
Bill 41-17, Economic Development Fund - Small Business
Innovation Research and Small Business Technology Transfer Matching Grant Program-
Bill 41-17, Economic Development Fund - Small Business Innovation Research and Small
Business Technology Transfer Matching Grant Program - Established, sponsored by Lead
Sponsor Councilmember Leventhal and Co-Sponsors Council President Riemer, Councilmembers
Rice, Eirich, Berliner, Katz, Council Vice-President Navarro and Councilmembers Bucker and
Floreen, was introduced on December 12, 2017. A public hearing was held on January 16.
Bill 41-17 would establish a Small Business Innovation Research and Small Business
Technology Transfer Matching Grant Program and define eligibility for the Program.
The Small Business Innovation Research Grant (SBIR) and the Small Business
Technology Transfer Grant (STTR) are two different congressionally-mandated grant programs
for U.S. small businesses who engage in research and development that has a strong potential for
commercialization. Bill 41-17 would establish a County matching grant for those County-based
small businesses that receive either a Phase I or Phase II grant under either the SBIR or the STTR
from the National Institutes of Health. The County grant would be limited to 25% of a Phase I
grant up to $25,000 or 25% of a Phase II grant up to $75,000. A grantee would be limited to 1
County matching grant each year and a total of 5 County matching grants under this Program.
The grant program would be administered by the Director of Finance out of the Economic
Development Fund, subject to appropriation.
All 8 witnesses supported the Bill. Robert Nelson, former Deputy Program Manager for
the SBIR and STTR Programs at NASA, testified that County seed money would be helpful for
small businesses seeking additional SBIR/STTR grants. See ©10. The rest of the witnesses
represented a company that would potentially benefit from this grant program. Anthony Saleh of
MiRecule, represented a company that has received SBIR/STTR grants and testified that his
company could hire 1 or 2 additional people
they received a County matching grant. Dr. Irving