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Utah Governor signs bill to lure research and technology that could one day create more than 120,000 high-paying jobs.

March 14, 2006 /

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Investment: It aims to woo teams with a track record of creating technology that translates into new businesses

Before signing the Utah Science, Technology and Research Initiative into law, Gov. Jon Huntsman Jr. said the state’s investment will pay off 20 years from now.

The legislation, which provides $65 million plus $110 million in bonds, is designed to lure research teams with a track record of creating technology that translates into new businesses. Huntsman said USTAR could one day create more than 120,000 high-paying jobs.

By Greg Lavine
The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_3599426

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