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Senate approves $1 million for Industrial Assistance Fund after debate on job creation
Summary
The Utah Senate adopted an amendment and approved SB 121 to appropriate $1 million to the Industrial Assistance Fund, with sponsor arguing the loan-based program encourages job creation amid defense-cut impacts; vote recorded by the clerk as 20 ayes with absentees noted.
Senator O'Keefe pressed the Senate on Friday to approve a $1 million appropriation into the Industrial Assistance Fund, saying the loan program is a targeted way to spur job creation as the state faces defense-related job losses.
"This is a simple bill... it appropriates a million dollars into the Industrial Assistance Fund," the sponsor said, adding the fund is intended to invest in economic growth rather than one-time consumption. He described recent caucus revenue figures as encouraging but warned against spending all reserves and not investing for…
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