Document Type

Report

Maine Economic Improvement Fund Annual Report, FY2006

Authors

University of Maine System

Publication Date

12-31-2006

Abstract/ Summary

The Maine Economic Improvement Fund—MEIF—has proved to be one of the most successful public investments in recent decades. In less than 10 years, MEIF has dramatically increased federal and private investment in university-based research in Maine. The result: new jobs, products, patents, businesses, technology and millions of dollars of added economic activity. In fact, the economic activity generated by MEIF has more than offset the state’s appropriation. Maine’s sales and income tax revenues have increased as a result of the direct and indirect purchase of goods and services, and the jobs created through MEIF-related enterprises. MEIF demonstrates the benefits of public and private partnerships. It involves brainpower and innovation provided by faculty and students at the University of Maine and the University of Southern Maine, combined with working capital from the private sector, and the federal and state levels of government. In 2006, MEIF continued its value and utility to university researchers as they sought and acquired funds to support their research and economic development initiatives.

Repository Citation

University of Maine System, "Maine Economic Improvement Fund Annual Report, FY2006" (2006). General University of Maine Publications. 3569.
https://digitalcommons.library.umaine.edu/univ_publications/3569

Version

publisher's version of the published document

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