Governor Signs Bill, Pushing Entrepreneurship | News

New legislation has been signed into law by Gov. C.L. “Butch” Otter. A $5 million plan could help grow Idaho’s economy with $5 million that bolsters university research and businesses.

The legislation ties in with his Idaho Global Entrepreneurial Mission, IGEM, intended to get new research at Idaho universities into the commercial markets sooner.

Starting June 1st of this year, the legislation puts $1 million toward grants for start-up businesses and tech, while $2 million goes to Center for Advanced Energy Studies and $2 million to each Idaho research university.

The legislation passed on March 6th with 30 ayes and 4 nays.

Online Document: House Bill 546 is available for reading online at the legislature’s website, which also shows the history and votes on the bill.