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August 12.2025

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How the INNOVATE Act and SBIR Program Propel Iowa’s Innovation Forward

INNOVATE Act and SBIR Program professional in dome setting.

Innovation Takes Center Stage in Iowa

In a recent visit to Perspective Therapeutics in Coralville, Iowa, prominent political figures highlighted the remarkable importance of innovation in driving local economies. U.S. Senator Joni Ernst, Congresswoman Mariannette Miller-Meeks, and SBA Administrator Kelly Loeffler toured the facility, expressing their support for initiatives that nurture small businesses and promote technological advancement.

Empowering Small Businesses through the SBIR Program

The Small Business Innovation Research (SBIR) program has played a pivotal role in empowering innovators to contribute significantly to sectors like health sciences and national security. Senator Ernst lauded the SBIR for its impact on growing local enterprises, emphasizing that initiatives such as the INNOVATE Act aim to bolster funding for these essential programs, ensuring the Heartland remains a hub for creativity and entrepreneurial spirit.

The Economic Ripple Effect of Medical Innovations

During the visit, Perspective Therapeutics’ co-founder, Michael Schultz, shared how SBIR support has been instrumental in developing advancements in radiopharmaceuticals designed to improve cancer treatment outcomes. This commitment not only enhances scientific research but also reinforces job creation, showcasing how innovative medical technologies can benefit both patients and the local workforce.

Combining Efforts for a Brighter Future

Congresswoman Miller-Meeks spoke passionately about the vital role small businesses play in the economy. She expressed her belief that by continuing to invest in innovative programs like SBIR, we can nurture a new wave of entrepreneurship that spurs job creation across the nation. The collaborative efforts between government and innovative companies highlight a pathway toward sustaining economic growth and improving community resilience.

Conclusion: The Path Forward

As Senator Ernst and her colleagues spotlight innovation's critical role in supporting small businesses, it’s evident that programs like SBIR represent a bright future for communities across the Heartland and beyond. The joint commitments made by leaders in Washington reaffirm the belief that ongoing support for innovation will lead to transformative solutions in health, technology, and job creation.

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How the INNOVATE Act and SBIR Program Propel Iowa’s Innovation Forward

Innovation Takes Center Stage in Iowa

Empowering Small Businesses through the SBIR Program

The Economic Ripple Effect of Medical Innovations

Combining Efforts for a Brighter Future

Conclusion: The Path Forward

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