USDA announces R&D investments for 76 small businessesStaff Writer | September 8, 2016
Agriculture Secretary Tom Vilsack announced that 76 small businesses around the country will receive $7.4 million in grants to conduct research related to food security, natural resources, and agricultural issues.
Farming in America The Small Business Innovation Research
They will be administered by 11 federal agencies including the U.S. Department of Agriculture (USDA), to encourage domestic small businesses to engage in high-growth research and development that has the potential for commercialization and could lead to significant public benefit.
"USDA is proud to stand behind America's small businesses, whose ingenuity and commitment to community is appreciated worldwide," said Vilsack.
"Rural America is finally on the road to recovery after one of the worst economic recessions in our history, and we cannot underestimate the role that small businesses' innovation has played in bringing jobs back to their hometowns.
"The Small Business Innovation Research Program is one of many ways that USDA has helped thousands of rural businesses expand on new ideas for the benefit of their own operations and for our society as a whole. " ■