ECONOMIC AND COMMUNITY DEVELOPMENT,

DEPARTMENT OF

Provides funds for the Maine Biomedical $22,000,000

Research Fund to support capital

infrastructure and equipment in

anticipation of $100,000,000 in federal

and private funds. Eligible institutions

are those delineated in the Maine Revised

Statutes, Title 5, section 13103.

Provides funds to purchase the property $850,000

known as Black Duck Cove on Great Wass Island

to serve as the home of the Downeast Institute

for Applied Marine Research and Education.

Provides funds for the Marine Infrastructure $9,000,000

and Technology Fund administered by the Maine

Technology Institute to match $9,000,000 in

federal and private funding for competitive

capital infrastructure grants to nonprofit

marine research laboratories, institutions and

state governmental and quasi-governmental agencies.

$5,000,000

Research Fund administered by the Maine

Technology Institute to match $5,000,000

in federal and private funding for

competitive capital infrastructure grants

to nonprofit research laboratories, institutions

and state governmental and quasi-governmental

agencies.

SMALL ENTERPRISE GROWTH BOARD

Provides funds for the Small Enterprise $2,000,000

Growth Fund to make equity investments

in small Maine companies with the potential

for high growth.

CULTURAL AFFAIRS COUNCIL, MAINE STATE

Provides funds for the New Century Community $5,000,000

Program in anticipation of $15,000,000 in

matching funds to invest in capital improvements