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Sannicandro Support of Jobs Bill, Innovation Investment Fund

Investment in research and development leads to economic development and job growth. It creates new technologies, licensing agreements, and spin-off companies.

State Rep. Tom Sannicandro, one of Framingham's representatives, spoke on the House floor Wednesday to urge his colleagues to create an Innovation Investment Fund that would leverage $50 million in research and development grants.

The Innovation Investment Fund is a key component of the omnibus jobs and economic development bill that passed the House on Wednesday.

“Investment in research and development leads to economic development and job growth,” Sannicandro said in a press release. “It creates new technologies, licensing agreements, and spin-off companies. This bill will lead to innovation and investment in the industries of the future. It is a great step forward in creating high quality jobs for decades to come.”

In addition to the Fund, the House jobs bill (H.4110) also invests in infrastructure and streamlines permitting. The bill includes:

  • creation of a Local Infrastructure Development Program that helps cities and towns leverage private funding to finance infrastructure projects for economic development;
  • the extension of state and local permits for another two years, which will allow developers who have been unable to proceed with their projects because of tight credit markets time to move forward;
  • the creation of a small business online portal offering businesses information on loan programs, business counseling, technical assistance, tax information, permitting information, and sources of regulatory relief;
  • the Small Business Loan Review Boards offering more feedback when a business loan is denied;
  • the creation of a manufacturing grant program to promote the advancement of the Commonwealth’s manufacturing agenda for small and midsize enterprises looking to grow;
  • the creation of the Community Investment Tax Credit program, which competitively provides a special donation tax credit for contributions made to select community improvement efforts.
Joe Rizoli May 24, 2012 at 09:00 AM
We've heard this all before. Then these companies will bring in foreign workers on their various VISA programs, pay these individuals less money and we go through the merry go round again and again while these companies use the American workers to train these foreign workers after which the American workers will be laid off. Read the Spring, 2012 Social Contract Journal: - "Immigration Profiteers". http://www.thesocialcontract.com/ http://www.thesocialcontract.com/artman2/publish/tsc_22_3/tsc_22_3_gemma.shtml How about this because you haven't tried it yet Tom. Enforce the Immigration Laws by reading the riot act to businesses that HIRE Illegal Immigrants. Change the Framingham Welcoming Proclamation to welcome people that obey the LAW and Clamp down on Document fraud. Set an example on Rule of Law. Make it a MANDATORY rule the Selectmen ask each and every business that comes before them if they comply with all Federal and State hiring practices and ask if those businesses use the E-Verify program. Stop the Criminal Adult ESL Plus Program from using discriminatory practices and stop them from using TV personalities and well known sea food personalities to advocate for their illegal activities. Use the Police plate scanners to weed out Illegal drivers at those meetings. Stop being one of the many Lawmakers helping the Lawbreakers. THEN we may put faith in your dreams of a healthy workforce. Joe Rizoli
Joe Rizoli May 24, 2012 at 09:49 AM
Maybe Tom you can get this "Bimbo" a job http://www.fairus.org/legislative-updates/fair-legislative-update-may-21-2012#5 Federal authorities arrested an illegal alien last Monday after it was discovered he has worked at the Newark Liberty International Airport in New Jersey for the last 20 years. (CBS, May 15, 2012) Officials state that Bimbo Olumuyiwa Oyewole of Nigeria, who has lived in the country illegally since 1989, used fraudulent documents to get jobs that gave him access to sensitive areas of one of the busiest airports in the nation. (Id.) Joe Rizoli
VivaLaMigra May 24, 2012 at 03:14 PM
Yeah, that's the answer: have the Commonwealth's crooked pol's dish out MORE money that'll be used to subsidize their pals! Haven't we seen enough of this at the federal level from Barry Hussein Soetoro and his cronies? You tell me the awarding of these loans and other taxpayer-funded goodies is going to be impartial and above board! If you believe that, you'll swallow anything!
VivaLaMigra May 24, 2012 at 03:17 PM
The guy's name wasn't "Bimbo"...it was Jerry Thomas! At least that was the ID that he STOLE over twenty years ago! And, these airport jerks were dumb enough to buy that story! Meanwhile, we have TSA undressing grandmothers and babies, ostensibly for "security!" Gawd Help Us!
Susan Petroni May 24, 2012 at 09:32 PM
@ VivaLaMigra - it is the Patch terms of use to use your real first and last name and not a pseudo name like Framingham999. Please update your profile or if you continue to post your account could be suspended.

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