Transcript: John Richardson's comments on the passing of the R&D bond

The passage of questions 2 and 3 send a clear message that people in Maine support investing in our economic future. I applaud Governor Baldacci for his commitment to provide innovation to Maine companies and industries and the investments that they need to grow.

R&D is a motivating force in economic growth, it stimulates innovation that leads to new jobs, new industries and a higher quality of life.

While Maine ranks high for R&D in the non-profit sector, the state ranks low in R&D in education and industry. By passing the R&D bond, we are moving the state in a forward direction.

The Brookings Institution'p;s study last year stated that Maine's economy would benefit from R&D investment and I agree. It is effective. Simply put: in order for Maine's economy to be progressive, we must invest in our future, and so we have.