Statement from President Milliken regarding LB 246 and LB 555Two bills signed today by Governor Heineman – LB 246 and LB 555 – are important steps in growing Nebraska’s innovation economy.
LB 246 represents a public-private investment in creating a strategic plan for biotechnology and life sciences. Nebraska has significant opportunities in agriculture, biofuels and biomedicine, and this plan will be an important tool for policy makers seeking to grow a sector of our economy that will be critical to the state’s future.
By providing a targeted R&D tax credit for investments in Nebraska universities, LB 555 will strengthen the relationship between the private sector and Nebraska universities conducting research that is important to Nebraska businesses. This has great potential for attracting new investment in university research, which is vital to the success of Innovation Campus as well as other public-private partnerships.