The draft 2004 Legislative and Administrative Policy proposal includes $112 million to assist in the development of facilities to support the growth of the industry. The facilities development money is part of a $434-million package that includes $234 million in bonding requests and guarantees up to $200 million in venture capital investments in local biosciences companies by the state's pension board. Private investors must match on a dollar-for-dollar basis the $200 million invested by the State Board of Investment, the state's pension board.
Among the development-related requests are:
* A new $40-million genomics research facility for the Mayo Clinic and $70 million to fund genomics research projects over the next five years.
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