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Committee approves amendment to boost financing cap for certified tech parks tied to military bases
Summary
Senators approved an amendment to increase deposit rules for certified technology parks and advanced a bill that sponsors and industry representatives said will help Westgate At Crane and similar defense-related parks attract investment and high-paying jobs.
The Tax and Fiscal Policy Committee approved an amendment that raises the additional deposit threshold for certain certified technology parks, and then voted the bill to the Senate floor after testimony from park leaders highlighting job growth and defense-industry investment.
Senator Baldwin offered an amendment that would raise the additional deposit for level-2 certified tech parks from $250,000 to $500,000 (meaning level-2 parks meeting statutory requirements could access a larger incremental deposit). "This amendment's pretty simple. It just changes the additional deposit for level 2 tech parks, to $500,000 from $250,000," Baldwin said.
Senator Bassler, sponsor of the underlying bill…
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