15-3-702. Legislative findings.

Arkansas Code — all titles (historical 2020) · legal_authorities

15-3-702. Legislative findings.

15-3-702. Legislative findings. The General Assembly finds that: (1) The federal Small Business Innovation Research Program encourages innovative small businesses to engage in federal research and commercialization that has the potential for technological innovation and commercialization; (2) Stimulating research and commercialization grows the economy by leveraging investment, creating exportable products and services, and creating and retaining high-wage, high-tech jobs in moderately and highly skilled occupations; (3) Arkansas consistently ranks poorly among states in the number of federal Small Business Innovation Research grants awarded; and (4) An inducement, in the form of a matching grants program, is needed to encourage Arkansas businesses to apply for federal Small Business Innovation Research grants and realize economic benefits of commercialized research.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-3-702

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.