The departments relationship with Small Businesses that can take part in the sbirsttr program and it encourages the secretary to enter into agreements with the program at the National Science foundation. Our National Labs have been at the cutting edge of Technological Development and we must always ensure that development is in the national interest. A discovery lost in the labs is a discovery wasted. Thats why id like to thank my good friend, mr. Kilmer, for partnering with me in this effort, as well as mr. Fattah and mr. Nunnelee, who were sfounding founding members with me. Chairman smith and chairman lummis as well as Ranking Members johnson and swalwell were also key in this legislation coming together and bringing it to the floor. This is a true bipartisan, bicameral effort and senators have a similar companion bill on the other side of the hill. I encourage my colleagues to support this bill and i reserve the balance of my time. The speaker pro tempore the gentleman reserves the
For some discussion because in the next month i need to start really focusing on this and getting something solid to begin to prepare for the board of supervisors. Once the legislation passes we have already started being contacted by businesses that want to be contacted when the legislation passes and then if we do want to devise any programs around it, will there be some funding that needs to be attached to it. Sort of like a historical landmark designation in real estate of sorts . Yes. Which would, ultimately the idea is that there would be some financial benefits to having that in terms of either generational change in ownership or even well, generational change of ownership within a family line or even selling the business to new owners but that there be some accommodation so they dont just go out of business. Correct. So the tax possible incentives, when will that start coming into play . Will that be ready to roll for them when they are able to apply . At this point thats not k
Litative components. We could have it set as the first two items as a means of registry or if the registry also requires the additional to have the registry or if its a marketing component to have the last two bullet items. It is up to the commission to provide some direction in terms of how we want to work with the registry. One thought i had is that the business can submit an application and the application ask for some information in terms of the last two items, and then the commission can review the applications and make as your regular meetings, you could set it once a month, the commission reviews the applications that have been submitted to the office to be designated as a legacy business. I just wanted to open it up for some discussion because in the next month i need to start really focusing on this and getting something solid to begin to prepare for the board of supervisors. Once the legislation passes we have already started being contacted by businesses that want to be cont
Out loud developed by the commission such that there are standards for the selection process. Is that your understanding of what we need to do . Seems to me that the last two we are going to have to sort of say meets a certain number of them but i dont think realistically that many businesses can do all of those things in those last two bullets. They may be missing one element there and i dont think that should exclude them. They are all quite significant. So i think we have to decide whether if they meet one then that. One of the two, or even in these two theres different elements so theres more than two. So i think we need to kind of think realistically woo a business would have been able to have done. What will be helpful, now that weve had some discussion, is if you can start articulating some thoughts and put them in writing to me and over the next week and a half so perhaps, say, by february 3rd if you could get then i can combine them. Yes. Please finish. I was going to say comb
Out loud developed by the commission such that there are standards for the selection process. Is that your understanding of what we need to do . Seems to me that the last two we are going to have to sort of say meets a certain number of them but i dont think realistically that many businesses can do all of those things in those last two bullets. They may be missing one element there and i dont think that should exclude them. They are all quite significant. So i think we have to decide whether if they meet one then that. One of the two, or even in these two theres different elements so theres more than two. So i think we need to kind of think realistically woo a business would have been able to have done. What will be helpful, now that weve had some discussion, is if you can start articulating some thoughts and put them in writing to me and over the next week and a half so perhaps, say, by february 3rd if you could get then i can combine them. Yes. Please finish. I was going to say comb