UMaine mentioned in BDN article on $50 million bond question
The Bangor Daily News reported voters will head to the polls June 13 to decide whether the state should borrow $50 million, mostly to replenish a fund that has bought research equipment for the University of Maine System and Maine technology companies. The bulk of the money would go to replenish the Maine Technology Asset Fund, which supports investments for equipment used to research, develop or commercialize products in seven different technology sectors, the BDN reported. The fund has distributed awards to businesses and other institutions since 2008, according to the Maine Technology Institute, and requires matching funds from federal or other sources. From the previous $53 million in the fund, UMaine was the largest beneficiary, followed by The Jackson Laboratory and the University of New England and the private school’s College of Pharmacy, opened in 2009, the article states. The bond question also was the focus of the BDN editorial, “Yes on Question 1: A needed investment in research and innovation in Maine.”