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2008 Utah Legislature Overwhelmingly Passes Utah Fund of Funds $200 Million Expansion

February 21, 2008 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

The Utah Fund of Funds (Utah FoF), a major economic development program created by the Utah Legislature to provide the state’s entrepreneurs with access to a broad array of quality funding sources, has announced that recent legislation, Senate Bill 11, Substitute I, has expanded the program by $200 million – from $100 million to $300 million.

“This is a tremendous victory, not only for the Fund of Funds program, but also for the state’s growth companies and entrepreneurial economy,” said Jeremy Neilson, managing director of the Utah Fund of Funds. “Entrepreneurship is consistently the greatest accelerator of economic growth in Utah, and it is fitting that entrepreneurs played a key role in ensuring passage of this legislation.”

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