Business funds in the hands of voters this fall
Election Day is coming around quickly. We all know about the race for the governor's office. But here are some other things businesses might be concerned with as Nov. 4 comes around.
Business funds in the hands of voters
If you're a business owner or have a vested interested in business, here are some ballot measures that may be of particular interest on Nov. 4.
• Question 2, regarding agriculture and natural resources: If approved by voters, the measure would allow the state to issue $8 million in bonds to support Maine agriculture and facilitate economic growth in natural resource-based industries, according to the state's website. It would also pay for the creation of a lab, administered by the University of Maine Cooperative Extension Service, which would monitor the health threat of ticks, mosquitoes and bedbugs.
• Question 3, regarding small business: If approved, the measure would provide $4 million to insure parts of loans to small businesses, with the intent of spurring investment and innovation. It would also allow the state to issue $8 million in bonds that could be used for “flexible” small-business loans aimed at creating jobs, revitalizing downtowns and strengthening the rural economy.
• Question 7, regarding marine businesses: If approved, the measure would allow the state to issue $7 million in bonds to invest in marine businesses and related enterprises that create jobs and make the industry more sustainable. The investments would require dollar-for-dollar matching funds.
Two other measures on the ballot could yield nearly $30 million for life-sciences research.
• Question 4, regarding genetic research: With the nod from voters, $10 million in bonds would be issued, matched by $11 million in public and private funding, to be used for research to find solutions for cancer and diseases of aging.
• Question 5, regarding a bio lab: The measure would free up $3 million in bonds, matched by $5.7 million in public and private money, to modernize and expand a bio lab specializing in tissue repair and regeneration.
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