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Bill

Bill

SB 218

TO AMEND THE ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM.

2025 Regular Session Introduced by Missy Irvin and 1 co-sponsor

Arkansas amends its SBIR matching grant program to modify state support for small business innovation research and federal grant competitiveness.

Notification that SB218 is now Act 440
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Bill Summary · SB 218

Legislative bill overview

SB 218 amends Arkansas's Small Business Innovation Research (SBIR) Matching Grant Program, which provides state funding to complement federal SBIR grants awarded to Arkansas small businesses. The bill modifies program parameters, eligibility requirements, or grant administration procedures to better support innovation-driven small businesses in the state.

Why is this important

The SBIR program is a critical pathway for early-stage technology companies to access federal research funding, and state matching grants significantly increase their competitiveness and financial viability. By amending the program, Arkansas aims to enhance support for innovation entrepreneurs and potentially increase the state's share of federal research dollars flowing to small businesses.

Potential points of contention

  • Budget implications: Amendments may increase state funding commitments or change cost-sharing requirements, affecting the state budget and potentially competing with other appropriations
  • Eligibility criteria changes: Modified requirements could expand or restrict which businesses qualify, potentially benefiting some sectors while disadvantaging others
  • Administrative burden: Program modifications may create new compliance requirements for businesses or state administrators, affecting implementation complexity

Compiled from official sources — confirm details with the bill’s official record.

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