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US Treasury Secretary Timothy Geithner Visits NanoMech an EPA SBIR Award Recipient

Forester spraying in field
From left, U.S. Treasury Secretary Timothy Geithner speaks while standing near Executive Vice President and Chief Technology Officer of NanoMech, Dr. Ajay Malshe, and Rep. Steve Womack, R-Ark., while visiting the NanoMech Laboratories.

Secretary Timothy Geithner visited NanoMech last March to demonstrate how innovative research can spur economic growth and high-wage jobs. In conjunction with the visit, the Treasury Department released a  report detailing the economic benefits of the Research and Experimentation (R&E) tax credit and the President’s Fiscal Year 2012 Budget proposal to expand and simplify the credit and make it permanent.

 “This Administration is committed to increasing our investment in innovation – investments that help create the high-tech, high-wage jobs that we need to remain the world’s most advanced economy,” Secretary Geithner said. “By helping to spur more research activity here at home, we can help drive the technological advancements that increase our productivity and improve the living standards of all Americans.”

For more information on this SBIR funded research see:

Biomimetic Nanostructured Coating for Dry Machining

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