- 1. The general assembly finds that economic development is an important public purpose and that both the public and private sectors have a shared interest in fostering the economic vitality of the state. Therefore, it is the purpose of this subchapter to implement economic development policy in the state by means of a collaboration between government and the private sector.
- 2. The collaboration shall involve the economic development authority and the bioscience development corporation, which shall work together to further economic development policy according to the provisions of this subchapter.
Subsection 2 amended
86 Acts, ch 1245, §801; 2011 Acts, ch 118, §1, 89; 2020 Acts, ch 1062, §4; 2024 Acts, ch 1043, §18