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Senator Jason Rarick: We should Increase Funding for Minnesota’s Bioincentive Program On Wednesday, I presented legislation in the Senate’s Energy and Utilities Finance Committee that would increase funding for Minnesota’s AGRI Bioincentive Program. The legislation will ensure that companies who produce advanced biofuels, renewable chemicals, or use biomass to produce thermal energy are adequately compensated. In 2015, the legislature went out of its way to establish this program to create jobs and incentivize new technology and products through this program. Unfortunately, the funding failed to meet the demand. This put many companies in a difficult position where they received 50 cents on the dollar from what they were promised, and that lack of follow-through has threatened to undermine this program’s success. When we designed it, we wanted to encourage people to invest money, create jobs, and make products related to the bio-industry. Today, we’re following up on that

United statesMinnesota state legislatureBioincentive programSenate energyUtilities finance committeeஒன்றுபட்டது மாநிலங்களில்மினசோட்டா நிலை சட்டமன்றம்செனட் ஆற்றல்பயன்பாடுகள் நிதி குழு