Bond Question: June 8, 2010

Question: Do you favor a $23,750,000 bond issue to provide capital investment to stimulate economic development and job creation by making investments under the Communities for Maine’s Future Program and in historic properties; providing funding for research and development investments awarded through a competitive process; providing funds for disbursements to qualifying small businesses; and providing grants for food processing for fishing, agricultural, dairy and lumbering businesses within the State and redevelopment projects at the Brunswick Naval Air Station that will make the State eligible for over $39,000,000 in federal and other matching funds?

Voting Result: Passed

View Authorization/Project Information

Authorization/Project Information

Historic Preservation Commission: Provides capital investment through a revolving loan fund to revitalize downtowns an village centers by preserving and rehabilitating historic properties. $1,250,000 http://www.maine.gov/mhpc/index.shtml

DECD: Provides funds to make investments under the Communities for Maine's Future Program in competitive community and economic development. $3,500,000 http://www.maine.gov/decd/

DECD: Brunswick Naval Air Station Redevelopment: Provides funding for projects at the Brunswick Naval Air Station, including the rehabilitation of buildings, federal Americans with Disabilities Act and Fire Code Compliance and other site improvements, including $4,700,000 for the development of higher education engineering and economic development center.$8,000,000 http://www.maine.gov/decd/

Maine Technology Institute: Provides funds for research, development and commercialization as prioritized by the Office of Innovations' current Science and Technology Action Plan for Maine. The funds must be allocated environmental and renewable energy technology, biomedical and biotechnology, aquaculture and marine technology, composite materials technology, advanced technologies for forestry and agriculture, information technology and precision manufacturing technology through a competitive process and must be awarded Maine-based public and private institutions and must be awarded to leverage matching funds.$3,000,000 http://www.mainetechnology.org/

Finance Authority of Maine: Economic Recovery Loan Program $3,000,000 http://www.famemaine.com/files/Pages/business/businesses/directloans/EconomicRecovery_Loans.aspx

Finance Authority of Maine: Provides grants for food processing for fishing, agricultural, dairy and lumbering industries within the State $1,000,000 http://www.famemaine.com/files/Pages/business/businesses/directloans/AgriculturalLoans.aspx

Finance Authority of Maine: Small Enterprise Growth Board: Provides funds for disbursements to qualifying small businesses in the State seeking to pursue eligible projects. $4,000,000 http://www.famemaine.com/files/Pages/business/businesses/equitycapital/VentureCapital.aspx

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