St. Paul, Minn., Mayor proposes city support bioscience
St. Paul, Minn., Mayor Randy Kelly is proposing that the city co-sign a $6 million loan for University Enterprise Laboratories, a nonprofit established by the University of Minnesota, to operate a publicly subsidized incubator for upstart technology firms.
St. Paul, Minn., Mayor Randy Kelly is proposing that the city co-sign a $6 million loan for University Enterprise Laboratories, a nonprofit established by the University of Minnesota, to operate a publicly subsidized incubator for upstart technology firms. According to the Pioneer Press, the nonprofit has already raised $9 million from major corporations, public entities and a $500,000 contribution from St. Paul through the city’s half-percent sales tax. http://www.baltimoresun.com/news/yahoo/bal-md.park11oct11,0,2537456.story?coll=bal-newsaol-headlines
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