May 4, 2011
Washington, DC—Nevada Senator Harry Reid released the following statement after Republicans blocked the Small Businesses jobs bill:
Impact of STTR and SBIR in Nevada
Over the last three decades, Nevada has received more than $76 million in grants -- 224 awards with an average of $341,549 per award -- placing Nevada seventh among all states in dollars-per-award average and well above the national average of $316,341 per award per state. These grants are giving a much needed boost to Nevada companies by helping them develop new products and put people back to work.
For example, the Henderson, Nevada-based company, K2 Energy Solutions – one of the nation’s leaders of rechargeable battery technology – has received nearly $140,000 in SBIR grants to create an updated BB-2590 battery for the US Army that is three times as powerful, lasts longer, weighs less, recharges faster, and costs less than the original. These improvements not only provide relief for our troops in the field, but ease the logistics of transporting these batteries to the field.
Other Nevada companies that have benefitted from SBIR grants include:
Intelligent Building Utility Conservation Systems, Reno, NV