Federal labs critical to spurring entrepreneurial innovation

House Small Business Subcommittee members examine how federal labs partner with small companies to spur technology R&D, new product development, and support local economic activity.

The following information is courtesy of a release by the House Committee on Small Business.

Mr. Glenn Nye (D-VA), the Chairman of the House Committee on Small Business Subcommittee on Contracting and Technology, chaired the hearing, which featured Hampton Roads, VA-area entrepreneurs who work with NASA at the agency’s Langley Research Center and Wallops Flight Facility. Hampton Roads area entrepreneurs explained how their collaboration with NASA at the Langley Research Center and Wallops Flight Facility has helped support an estimated 11,000 jobs and generated nearly $1 billion in revenue.

Our federal labs serve as a hub of local economic activity, Nye said. We need to continue making wise investments in our nations R&D infrastructure so we can support small business growth and help put our nation back on a path toward economic prosperity.

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