General University of Maine Publications
Document Type
Report
Publication Date
12-31-2005
Abstract/ Summary
In the mid-1990s, a group of University of Maine faculty members began a statewide awareness-raising campaign. Their objective: to promote the idea that university-based research could become a major economic catalyst for Maine. Working with university leaders and state policymakers, their awareness campaign succeeded. In 1997, in response to public interest in the concept, the Maine Legislature established the Maine Economic Improvement Fund (MEIF) to help increase federal and private investment in university-based research. Shortly thereafter, the Maine voters began a series of investments in university-based research and development. The investments have paid off. Maine has realized a clear, documented cause-and-effect relationship between university research activity and economic growth. Less than ten years after policymakers initiated MEIF, university-based research has created new jobs, new technologies, new industries, new products—and new tax revenues to support state and local needs. MEIF represents a vibrant and effective partnership between the state and its University System. That successful partnership produced additional results in 2005.
Repository Citation
University of Maine System, "Maine Economic Improvement Fund Annual Report, FY2005" (2005). General University of Maine Publications. 3570.
https://digitalcommons.library.umaine.edu/univ_publications/3570
Version
publisher's version of the published document
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