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Giffords aims to spur science-park development
Arizona Daily Star
Tucson, Arizona | Published: 01.13.2010
U.S. Rep. Gabrielle Giffords introduced legislation Tuesday to boost the construction and expansion of science parks with grants and loan guarantees.
The bill would authorize the Commerce Department to set up a $7.5 million competitive grant program to study the feasibility of developing new science parks and expanding existing ones. It also would provide construction loan guarantees of up to 80 percent, with a maximum loan of $50 million per project.
The bill could benefit the University of Arizona Science and Technology Park, as well as the Arizona Bioscience Park under development, Giffords said.
The measure is co-sponsored by Rep. Martin Heinrich, D-New Mexico. |
