LD1 "An Act To Stimulate Capital Investment for Innovative Businesses in Maine" Passes the Legislature - must be signed by the Governor

LD1 "An Act To Stimulate Capital Investment for Innovative Businesses in Maine" (formerly known as the Fund of Funds) has been passed by both the Maine House and Senate this week! This is exceptional news; but in a previous session this bill was approved by both the House and Senate...yet suffered a Pocket-Veto by the Governor.

There is still work to be done before this bill is enacted into law; We took action, now there is - One More Step!

The Portland Press Herald - March 6, 2010
Our View: Venture capital bills should be backed
"Everyone agrees that Maine's traditional industries alone are not going to provide the jobs we need to recover from this recession. But if not them, then what is? At least part of the answer lies in new businesses in the technology sector that provide higher pay and more security than older businesses, which are now struggling with plant closures and layoffs. The challenge for public policymakers will be helping these new businesses get started to replace the jobs that have been lost and, eventually, allow the economy to grow."
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The final step to achieving our goal of creating the Innovation Finance Program is to show your support to Governor Baldacci and alert the press about the economic benefits that will be created by this legislation.
...for more information