Agenda Item 9
January 16, 2018
MEM ORAN DUM
January 12, 2018
Drummer, Senior Legislative
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, Elrich, Berliner, Katz, Council Vice-President Navarro and Councilmembers Rucker and
Floreen, was introduced on December 12, 2017. A Planning Housing and Economic Development
Committee worksession is tentatively scheduled for March 5, 2018 at 2:30 p.m.
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 Researc h Grant (SBIR) and the Small Business
Technology Transfer Grant (STIR) 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
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.
This packet contains:
Legislative Request Report
F:\LAW\BILLS\1741 EDF-Small Business Innovation Research\PH Memo.Docx