Snowe Requests Reversal of Cuts in Tech Programs

Senator leads bipartisan group urging appropriators to reverse cuts in key technology programs

WASHINGTON, March 11/U.S. Newswire/ -- U.S. Sen. Olympia J.Snowe (R-Maine), Chair of the Senate Committee on Small Businessand Entrepreneurship, has called on the Senate's topappropriators to help reverse budget cuts in two key programsdesigned to strengthen the technological competitiveness of smallbusinesses in rural areas.

Snowe and a bipartisan group of 14 other senators today releaseda letter calling on Appropriations Committee Chairman Ted Stevens(R-Alaska) and Ranking Member Robert Byrd (D-W.V.) to help identifynew sources of funding "to alleviate the severe impact"of cuts in the Small Business Innovation Research (SBIR) Programcontained in the "Omnibus Appropriations Act" for FiscalYear 2003.

"At this crucial time, when small businesses are strugglingin a slow economy, it makes little sense to sacrifice funding forthese efficient and cost-effective programs, which clearly helpsustain small firms," Snowe said Tuesday. "Rekindlingeconomic growth will be difficult unless the federal governmenthelps stimulate the small-business sector. Sacrificing funds forprograms like these will only slow the economic recovery we allseek and hurt the very communities that face the biggest obstacleson the road to recovery."

About $3.5 million in combined funding targeted for SBIR'sFederal and State Technical Partnership (FAST) Program as well asSBIR's Rural Outreach Program were cut from the ConferenceReport on the "Omnibus Appropriations Act," which wassigned into law by the President on February 20. The BushAdministration had requested $3 million for the SBIR FAST program,which provides grants to the states to strengthen the technologicalcompetitiveness of small businesses, and $500,000 for the SBIRRural Outreach program, which provides grants to approximately 25states to increase participation in the SBIR Program.

"In light of this history, we are very concerned that theConference Report eliminated all funding for FAST SBIR RuralOutreach," the Senators wrote. Moreover, last July, the Senatehad agreed to fund both the SBIR FAST and SBIR Rural Outreachprograms at the amounts requested by the Administration.

Copyright 2003, U.S. Newswire

Editor's Pick

This 61-Year-Old Grandma Who Made $35,000 in the Medical Field Now Earns 7 Figures in Retirement
A 'Quiet Promotion' Will Cost You a Lot — Use This Expert's 4-Step Strategy to Avoid It
3 Red Flags on Your LinkedIn Profile That Scare Clients Away
'Everyone Is Freaking Out.' What's Going On With Silicon Valley Bank? Federal Government Takes Control.

How to Detect a Liar in Seconds Using Nonverbal Communication

There are many ways to understand if someone is not honest with you. The following signs do not even require words and are all nonverbal queues.

Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.


4 F1 Racing Lessons That Can Accelerate Your Career

For F1 drivers like Lewis Hamilton and Max Verstappen, these racing lessons are second nature, but they don't just apply to the tracks — they can also help to position you as a leader and accelerate your success as an entrepreneur.

Business News

Carnival Cruise Wants Passengers to Have Fun in the Sun — But Do This, and You'll Get Burned With a New $500 Fee

The cruise line's updated contract follows a spate of unruly guest behavior across the tourism industry.