Require research grant money to be spent in the United States
What the document says“Ensure the enactment of stricter rules requiring that SBIR funds must be expended on capital investments in the United States.”
The research programs direct a fixed share of federal research spending to small firms: 3.2 percent of extramural research budgets at larger agencies, and a further 0.45 percent under a related program. The chapter says research has shown that this small share of federal research spending is disproportionately effective.
What the document actually says“Ensure the enactment of stricter rules requiring that SBIR funds must be expended on capital investments in the United States.”
This grant money must be spent here at home.
The government funds research at small firms. The book says that money should be spent here. It should not go abroad.
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