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Measure Details

Question 5: Bond Issue

Maine Ballot Measure - Public Law 568

Yes
297,000
(51.15%)

No
283,612
(48.85%)

Summary

The funds provided by this bond issue, in the amount of $50,000,000, will be used to provide funds over 5 years for research, development and commercialization for targeted technology sectors, awarded after a competitive process administered by the Department of Economic and Community Development, Maine Technology Institute.

Measure Text

Do you favor a $3,000,000 bond issue, to be awarded through a competitive process and to be matched by $5,700,000 in private and public funds, to modernize and expand infrastructure in a biological laboratory specializing in tissue repair and regeneration located in the State in order to increase biotechnology workforce training, retain and recruit to the State multiple biomedical research and development groups and create a drug discovery and development facility that will improve human health and stimulate biotechnology job growth and economic activity?

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