ANNUAL REPORT 2020

The initiative specified that “forty- Marine Jobs Fund five million dollars ($45,000,000) would be In 2014, the Legislature authorized, and the distributed by the Maine Technology Institute voters of the State of Maine approved, (Public in the form of grants to Law 2014, Chapter 592) a $7,000,000 support infrastructure, bond issue to facilitate the growth of marine equipment and technology busines. [...] The Alliance for Maine’s the $45 million in bond funds with an additional Marine Economy conducted the review $1,063,836 to further maximize the impact of and evaluations of the proposals and made the awards. [...] In July of Maine Cancer and 2015 (FY16), the Mount Desert Aging Resource Bond Island Biological Laboratory was In 2014, the Legislature authorized (Public announced as the highest Law 2014, Chapter 574), and the voters of the scoring bidder and matched its State of Maine approved, $10 million in bond $3 million award with more than $5.7 million in funds to build a research center, to discover matc. [...] The Legislature Also in 2014, the Legislature authorized (Public and voters approved an Law 2014, Chapter 568), and the voters of the additional MTAF funding State of Maine approved, a $3,000,000 bond bill in the amount of issue to modernize and expand infrastructure in $3 million in 2009. [...] The MTI President Development, the Chancellor of the University is employed by the Maine Department of Maine System, the President of the Maine of Economic and Community Development.