Rocky Mount Business One of Just 13 in U.S. Selected for EPA Grant
Showing the strength of the growing and bustling local business community in Rocky Mount Business, Babington Technology, was one of just 13 small businesses from across the United States recognized by the U.S. Environmental Protection Agency (EPA) to receive a grant from the allotted $1.3 million dollars to be part of a project to aid in the reduction of electrical power consumption, reduce the emission of carbon, and lower the price for consumers associated with cookstove combustion technology.
On the EPA’s official website, it was noted that “The 13 businesses we are funding today are producing innovative and creative solutions for our country’s environmental problems,” said Thomas Burke, EPA science advisor and deputy assistant administrator of EPA’s Office of Research and Development. “Small businesses play an integral role in creating technologies that will help ensure a sustainable future for our country.”
The article continued in explaining the grants, saying, “Each of the 13 companies will receive a Small Business Innovation Research (SBIR) Phase I contract for up to $100,000 to develop their green technology. If Phase I is successful, companies will be eligible to apply for a Phase II contract of up to $300,000 to develop and commercialize their technology for the marketplace.”
For more information on these grants including more on Rocky Mount Business, Babington Technology, visit the official site of the U.S. Environmental Protection Agency, epa.org.