From Deseret News archives:
$400 million for research?
Chamber study urges funds for 2 Utah schools
That action, supporters said Wednesday, would boost the institutions' current work and lead to economic development gains in the future.
"I've been involved in Utah and Utah economics for the last 15 years, and I will tell you I don't think there has been a more important announcement in 15 years as far as economic development is concerned," said Lane Beattie, the chamber's president and chief executive officer.
The study, compiled by Janice Houston of Houston Consultants and Steve Mecham, an attorney with Callister Nebeker & McCullough, seeks $270 million in facilities and $130 million in non-facility spending over five years for the University of Utah, Utah State University, three Technology Innovation Centers and 25 "research clusters."
The innovation centers would help foster ideas for development and transfer technologies to the private sector. The clusters, 15 at the U. and 10 at Utah State, would be composed of faculty and students working at the new facilities.
Sens. Greg Bell, R-Farmington, and Dan Eastman, R-Bountiful, are expected to sponsor a bill during the upcoming legislative session that incorporates the study's concepts. The study recommends bonding for the new facilities.
Backers on Wednesday said the investment would pay off for Utah because the initiative eventually would be self-sustaining and would be an economic driver.
"Probably one of the key factors to make any business successful is we must invest in the future," said Mark Howell, chairman of the chamber's board of governors and executive vice president at Wells Fargo Bank. "We can't just worry about today, but we have to look forward."
"What we believe and what we argue is that this will generate so much economic activity that there will be revenues produced to more than make up for what the state has to devote to this," Mecham said. "And that's one of the reasons we feel strongly about this.
"And we need to act now. We really can't sit and wait. . . . Other states have moved forward in this area, and we need to move now. We need to take action in this (legislative) session."
Comments
- Hockey HOF class gets its rings 3:03 p.m.
- Phelps to test old suits at World Cup 3:03 p.m.
- Flyers get QB back for semifinal tilt 3:02 p.m.
- Former DPS head pleads guilty 2:46 p.m.
- Hasan's lawyer to meet with him 2:45 p.m.
- Hatch empathizes with Muslims 2:42 p.m.
- Two arrested in $3 robbery 2:41 p.m.
- Dow hits highest level in a year 2:33 p.m.
- 2 more in GOP may challenge Bennett 2:31 p.m.
- Life sentences for juveniles examined 2:20 p.m.
- TCU showdown has big implications
- Seniors helped BYU regroup
- Hope for single moms
- Lambert surprisingly tops news
- Bystanders framed for child porn
- Korver and Miles to be evaluated
- TCU 4th in AP poll; U. 16th, Y. 22nd
- Utah Jazz Extra: Whose hot/not
- Newhouse Hotel, an explosive end
- TCU moves into 4th place in BCS
- Gay advocates trek to LDS office
246 - House passes health care bill
212 - Lobo suspended
176 - Cougars crush hapless Cowboys
153 - TCU showdown has big implications
145 - Utah Jazz fall apart against Kings
130 - Thousands protest health bill
107 - Provo company innovating engines
106 - TCU 4th in AP poll; U. 16th, Y. 22nd
103 - RSL rallies to advance
103
All lawyer/legal tactics aside, there are only three ultimate possibilities:...
"I read they do like people w/ accounting degrees and/or people of the LDS...
God was only aiming for one of us. The rest of us have minor bumps bruises,...
Welcome sir ! You're extremely important to all of us ! Thank you for your...
Welcome to the Salt Lake City Field Office Mr. McTighe. Maybe we'll get some...
Interesting article, but don't understand the danger of non carbon receipts....
The "progressives" and "liberals" who think that the Constitution has no...
Soon we will see if CJ is as good as you think he is?? I'm not sure he would...
That's kind of the point. Most people don't mind Bingham or Alta saying they...
JD you and your school SS are nothing but losers! your season is over!!!!!!...



You can be the first to comment on this story.