WASHINGTON – The Senate Appropriations Committee approved the Financial Services and General Government Fiscal Year 2009 spending bill today.  The legislation includes funding to promote small business development in Mississippi, said Senators Thad Cochran and Roger Wicker. 

“Small businesses are the backbone of our state’s economy,” said Senator Cochran.  “I am pleased the Appropriations Committee has approved this important assistance, which will enhance Mississippi’s small business community.”

Senator Wicker added: "These projects represent the federal government's partnership with the thousands of Mississippi small businesses that serve as the backbone of our state's economy.  I am glad the committee has approved this important funding."

Small Business Administration projects that will benefit businesses in Mississippi include:

• $600,000 for the Alcorn State University for a Systems Research Institute
• $600,000 for the Jackson State University for Lynch Street Corridor Redevelopment
• $600,000 for the Mississippi Technology Alliance for the Center for Innovation and Entrepreneurial Services
• $600,000 for Mississippi State University for Convergence of Scientists and Entrepreneurs to Expedite Commercialization (SCEEC)
• $600,000 for the University of Southern Mississippi for Early Stage Entrepreneur Development
• $500,000 for the Mississippi Biotechnology Association for a Feasibility Study and Capacity Building

This legislation will now be submitted to the full Senate for consideration.