$95 Million worth of grants distributed to small business research and development
In acknowledgment of the major roles small businesses play in spurring innovation and creating jobs in the U.S. economy, the U.S. Department of Energy (DOE) have awarded $95 million worth of small business research and development (R&D) grants.
The grants will be funded through DOE’s Small Business Innovation Research (SBIR) and Small Business Technology (STTR) programs to 80 small businesses and consisting of 95 grants in total.
The SBIR and STTR programs were created by congress to leverage small businesses to advance innovation at federal agencies.
Below are the selected grants for each of the R&D programs that provided funding for the projects:
- Office of Defence Nuclear Non-proliferation
- Office of Electricity Delivery and Energy Reliability
- Office of Energy Efficiency and Renewable Energy
- Office of Fossil Energy
- Office of Fusion Energy Sciences
- Office of High Energy Physics
- Office of Nuclear Energy
Did you know that you can receive up to 14% back on your research expenses with the R&D Tax Credit? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is a Specialist R&D tax advisory firm, offering tax credibility assessments, claim preparation, and advisory services to the state of Texas. We manage all facets of the R&D tax credit program in Texas, from claim prep & audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.