Nine Kentucky companies will receive a total of $900,000 in state matching grants to support high-paying jobs and technology development in the commonwealth.
The grants are part of Kentucky's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program. The Kentucky grants match, in part, $5.12 million in federal grants the businesses will collectively receive, according to a news release.
“Kentucky is fortunate to have so many individuals and companies committed to developing a better tomorrow for us all, and ensuring they are in an environment to succeed is extremely important,” Gov. Andy Beshear said in a news release. “This program helps Kentucky companies to develop cutting-edge, life-improving technology while also creating jobs in some of our country’s most high-paying fields."