Senators Menendez and Toomey Announce Start-up, Jobs, and Innovation Act to Advance U.S. Small Businesses

Washington, D.C. – Senators Robert Menendez (D-NJ) and Pat Toomey (R-PA) introduced the Start-up, Jobs, and Innovation Act today. The bill aims to stimulate innovation and generate investment in groundbreaking research and development at start-ups and growing businesses, including pre-revenue energy storage companies, through reforms to the existing tax code. The Electricity Storage Association (ESA) joins several other technology groups that have aligned to form the Coalition of Small Business Innovators (CSBI), in support of this bill.

"The Start-up, Jobs, and Innovation Act will promote long-term investment for small businesses in innovative industries like energy storage. This legislation will provide the time needed to develop the next generation of technologies and breakthroughs, while creating high-quality American jobs and ensuring America remains competitive on a global scale. Creative pro-growth legislation showcases energy storage as a secure driver of economic activity and creator of sustainable jobs. The Electricity Storage Association is pleased to support this bill and looks forward to the long-term growth that small businesses will provide our economy as a result of this legislation," said Katherine Hamilton, Policy Director for ESA.

For more information about electricity storage, go to www.electricitystorage.org