$50M bond referendum for research projects approved by Maine voters

Secretary of State Matthew Dunlap has certified that nearly 61 percent of voters in last week’s statewide bond referendum approved the borrowing plan. The $50 million bond targets economic development, with $45 million earmarked for infrastructure, equipment and technology upgrades across industry sectors including biotechnology, aquaculture and marine technology, forestry, agriculture, information technology, precision manufacturing and composites. The funding, which will be disbursed as competitive grants, will be administered by the Maine Technology Institute and will be matched with federal or other funds. Read full story