7/08/09

3 Phoenix, Inc. (3Pi) was prominently mentioned as a successful small business model by North Carolina Rep. Brad Miller on the House Floor.

The following excerpt is from Rep. Brad Miller’s speech during the vote on HR 2965, “The Enhancing Small Business Research and Innovation Act” on the House Floor, which amends the Small Business Act to reauthorize the existing Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs and continue the mission of the Small Business Administration.

“This bill will reauthorize and strengthen two programs that are important drivers of American innovation and economic development: the Small Business Innovation Research program (SBIR) and the Small Business Technology Transfer (STTR) program.

These programs help to ensure that our small, innovative businesses and our universities play a key role in the federal government’ s research and development efforts.

Nationwide, small businesses employ half of the private sector workforce and create almost 80 percent of all new jobs. Small businesses are one of our country’s primary sources of innovation; they drive advances in virtually every industry in America’ s economy.

I recently visited another company in my district, called 3 Phoenix. 3 Phoenix has received several awards under these programs. From one of these they have developed the technology to synchronize data from different sensors, technology which is being used by the Navy to help detect periscopes in the water at a long distance. This technology is also being commercialized to help drivers find the closest parking space in a crowded downtown, helping to relieve traffic, reduce emissions and driver frustration. For an SBIR investment of $832,000, this technology is expected to bring in new revenue of $8.93 million. After only 6 years in existence 3 Phoenix now employs more than 70 people and they plan to expand to 100 employees in the next 2 years. These are real jobs, with good salaries, something that is sorely needed in these tough economic times.”

Visit the following link to view Congressman Miller’s Press Release: http://www.bradmiller.house.gov/index.cfm?sectionid=53§iontree=46,53&itemid=862

Click here to view Rep. Miller’s remarks on the House floor. The Congressman praises 3 Phoenix, Inc., a successful small business model in North Carolina, in support of the bill.