A deal to reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which were set to expire this Friday, is close to being approved, according to the House Small Business Committee. The two popular programs each set aside government research and development money for small businesses to create and commercialize technology innovations that benefit federal agencies.

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Earlier this year, the wonks at the Government Accountability Office looked at how much different government agencies replicate similar efforts. For example, the federal government has 80 programs that deal with economic development across four agencies.

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