The purpose of the fast program is to strengthen the technological competitiveness of small business concerns in every state

The Small Business Administration Office of Investments and Innovations awarded $125,000 under the Federal and State Technology Partnership Program (FAST Program, CFDA #59.058) to the Utah Procurement Technical Assistance Center, a division of the Governor's Office of Economic Opportunity in Salt Lake City, Utah. The award period is from September 30, 2022 through September 29, 2023.

The funding will support the Center's efforts to strengthen the technological competitiveness of small businesses in Utah through improving their participation in innovation and commercialization of new technologies. In particular, the Center will work with small, high-technology firms in the state to foster economic development and ensure the U.S. remains competitive in research and development globally.

Congress has found that there is much variance within state technology programs that foster economic development among small high-technology firms. Therefore, this program intends to improve the participation of small technology firms in the innovation and commercialization of new technology; thereby ensuring that the united states remains on the cutting edge of research and development in the highly competitive arena of science and technology