Since the Baldacci administration we havn't had bond issues to fuel our innovative economy.
Yes On Question 1: Good For Our Economy, Good For Maine
Question 1 is a bond measure that will provide funds for $50 million for investment in research, development and commercialization in the State. The funds will support job growth in Maine’s high tech industries, creating good-paying jobs, new products and new services. Mainers will benefit from innovation in biotech, forest products, marine resources and information technologies.
New construction projects will create additional jobs for building contractors, tradespeople, equipment suppliers, and professional service providers, increasing economic activity throughout the State.
The funds will be administered by the Maine Technology Institute (MTI)www.mainetechnology.org and applicants will be selected through an independent, review process to select projects with the greatest potential for return on investment. Applicants are required to match dollar-for-dollar, the amount of the grant award -increasing private sector investments and accountability.