F3 Engineering has been extremely fortunate to benefit from the funding available for small businesses. Support from our legislators like Senator Lautenberg has afforded us the opportunity to develop specialized technologies.
Paterson, NJ (PRWEB) April 19, 2011
U.S. Senator Frank R. Lautenberg (D-NJ) held a press conference at F3 Engineering’s Paterson headquarters to urge his constituents in the Senate to approve legislation that would extend the Small Business Innovation Research (SBIR) program through 2019. In his address, Senator Lautenberg pointed out how this federal program creates jobs and supports the growth of small companies, citing F3 as an example of a small business that has flourished from the support of the Small Business Administration (SBA).
“We must ensure that small businesses in New Jersey and across the country have a place at the table when the government invests in research and development,” Lautenberg stated. “Allowing this successful program to expire would put jobs in jeopardy and threaten small business development. Congress must act quickly to renew this program and help small businesses create jobs and boost the economy.”
Congress created the SBIR program in 1982 to help stimulate technological innovation and increase the participation of small businesses across the nation in federally funded projects. The program requires federal agencies with research and development budgets of $100 million or more to designate a portion of their budgets for small firms to fund early-stage research that advances the agency’s mission.
F3 Engineering’s Paterson headquarters was chosen to host the event due in part to their support of the SBA and belief in the effectiveness of the SBIR program.
“F3 Engineering has been extremely fortunate to benefit from the funding available for small businesses,” said Odilo Vazquez, F3 Engineering's President. “Support from our legislators like Senator Lautenberg has afforded us the opportunity to develop specialized technologies.”
Also attending the press conference was Jorge Silva-Puras, the Regional Administrator for the SBA, who spoke about how funding for the SBIR program is vital to the success of the national economy.
“Since its enactment as part of the Small Business Innovation Development Act, SBIR has helped thousands of small businesses to compete for federal research and development awards,” said Mr. Silva-Puras, adding, “It is exciting to see small businesses like F3 Engineering creating jobs and developing cutting edge technology that is finding its way into commercial applications.”
In the last quarter of 2010, F3 Engineering announced its intent to add 100 jobs to its payroll over the next five years. To date, five positions have been added plus three student interns. F3 Engineering also has plans to move to a larger facility within Paterson by the end of the year to accommodate the growing needs of both the firm and its customers.
About F3 Engineering
F3 Engineering is a provider of technology, products and services in military and commercial mission-critical applications. With the resources and technical expertise to prototype and manufacture highly complex products, F3 brings technical, administrative and managerial resources together to provide a total program of complex engineering and contract manufacturing solutions. For more information on F3’s dedication to providing technical guidance and support to its customers, visit http://www.f3engineering.com or call Ken Rosenbaum, General Manager at (973) 442-2290.