All Roll Calls
Yes: 126 • No: 1
ArkansasSB2182025 Regular SessionSenate
TO AMEND THE ARKANSAS SMALL BUSINESS INNOVATION RESEARCH MATCHING GRANT PROGRAM.
Sponsored By: Missy Irvin (Republican), Trey Steimel (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
More innovation grants for Arkansas businesses
The law expands Arkansas's matching grant program to include federal Small Business Technology Transfer awards alongside Small Business Innovation Research awards. Matching grants cover up to 50% of a qualifying federal award, capped at $50,000 for Phase I and $100,000 for Phase II. The law removes the three-grant limit per business. Awards depend on available money and the Arkansas Economic Development Commission director's discretion, and require a written offer. The program uses federal program rules as they existed on October 1, 2016.
Grant rules for Arkansas small businesses
Grant recipients must stay in Arkansas throughout the award period and name an Arkansas resident or employee as lead investigator or project manager. At least 51% of the grant must be spent in Arkansas. Businesses must cover eligible costs first; payment follows commission approval of their invoices and financial reports. Applicants must be eligible businesses mainly working in advanced materials or manufacturing; agriculture, food or environmental sciences; biotechnology, bioengineering or life sciences; information technology; transportation logistics; or bio-based products. Phase I applicants must certify receipt of a federal innovation or technology transfer grant responding to a federal solicitation. Phase II applicants must certify that they submitted a final Phase I report, showed federal sponsor interest, and submitted a Phase II proposal. Businesses must submit one application for each federal Phase I and Phase II proposal. The Arkansas Economic Development Commission reviews applications in order received under its rules and returns incomplete or noncompliant applications without further review. Applications are subject to the Freedom of Information Act; applicants must identify any applicable confidential information in writing. The commission sets application, review and award processes, uses standard grant agreements governing payments and spending, and must issue program rules.
Sponsors & Cosponsors
Sponsors
Missy Irvin
Republican • Senate
Trey Steimel
Republican • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 4/1/2025
House Vote - Tuesday, April 1, 2025 4:07:28 PM
Yes: 92 • No: 1 • Other: 4
Senate vote • 2/26/2025
Senate Vote - Wednesday, February 26, 2025 1:58:44 PM
Yes: 34 • No: 0
Actions Timeline
Notification that SB218 is now Act 440
4/7/2025SenateDELIVERED TO GOVERNOR.
4/2/2025SenateReported correctly enrolled and ordered delivered to the Governor.
4/2/2025SenateORDERED ENROLLED
4/1/2025SenateReturned from the House as passed.
4/1/2025SenateReturned to the Senate as passed.
4/1/2025HouseRead the third time and passed and ordered transmitted to the Senate.
4/1/2025HouseReturned by the Committee Do Pass
3/19/2025HouseRead the first time, rules suspended, read the second time and referred to the Committee on AGRICULTURE, FORESTRY & ECONOMIC DEVELOPMENT- HOUSE
2/26/2025HouseRECEIVED FROM THE SENATE
2/26/2025HouseOrdered immediately transmitted to the House.
2/26/2025SenateRead the third time and passed.
2/26/2025SenateReturned by the Committee, with the recommendation that it Do Pass
2/25/2025SenateRead first time, rules suspended, read second time, referred to AGRICULTURE, FORESTRY & ECONOMIC DEVELOPMENT - SENATE
2/12/2025SenateFiled
2/11/2025Senate
Bill Text
SB218 - Introduced
2/11/2025
Act Version
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