NASA and SBA Launch Initiative to Boost Investment in Space Economy

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NASA and the U.S. Small Business Administration (SBA) jointly launched the SBIC-NASA Initiative on Monday to channel greater investment into American space-sector businesses. The program targets manufacturers of industrial components and providers of technologies essential for deep space exploration. Under a Memorandum of Agreement, NASA will identify key technology priorities and link eligible businesses to funding opportunities. The initiative is designed to support a long-term human presence on both the Moon and Mars.

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