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MaineLD 788132nd Maine Legislature (2025-2026)Senate

An Act to Promote an Innovation-driven Economy by Increasing Research and Development Spending

Sponsored By: Teresa S. Pierce (Democratic)

Became Law

ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT - PLANNING

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Yearly plan to raise Maine R&D spending

Beginning May 29, 2025, the Maine Economic Growth Council reviews the state’s innovation plan and makes yearly budget recommendations. The advice includes specific bond levels and General Fund amounts. By June 1 each year, it sends the recommendations and an update on last year’s R&D funding to the Governor, the Legislature, and the business, research and economic development committee. By December 1, it sends another update to the Governor and to the research and economic development committee and the appropriations and financial affairs committee. That update totals statewide R&D commitments and shows data on commercializing lab projects. The goal is to reach the national average for R&D spending by 2030 and keep it after. After reviewing the update, those committees may file bills to act on the recommendations.

Sponsors & Cosponsors

Sponsor

  • Teresa S. Pierce

    Democratic • Senate

Cosponsors

  • Trey L. Stewart

    Republican • Senate

  • Kristen Cloutier

    Democratic • House

  • Mark W. Lawrence

    Democratic • Senate

  • Matthea E. L. Daughtry

    Democratic • Senate

  • Richard A. Bennett

    Independent • Senate

  • Ryan Fecteau

    Democratic • House

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. ACTPUB Chapter 146

    5/1/2026

  2. PASSED TO BE ENACTED, in concurrence.

    5/27/2025Senate

  3. PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.

    5/27/2025House

  4. CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-120).In concurrence. ORDERED SENT FORTHWITH.

    5/22/2025House

  5. Report READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-120) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-120).Ordered sent down forthwith for concurrence.

    5/21/2025Senate

  6. CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

    3/21/2025Senate

  7. Received by the Secretary of the Senate on February 27, 2025 and REFERRED to the Committee on HOUSING AND ECONOMIC DEVELOPMENT pursuant to Joint Rule 308.2

    3/4/2025Senate

Bill Text

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