Illinois Compiled Statutes 20 ILCS 230 Biotechnology Sector Development Act. Section 5

    (20 ILCS 230/5)

    Sec. 5. Purpose. The General Assembly declares that:

    (a) A need exists to promote the economic development of the State by supporting, attracting, and retaining biotechnology jobs and businesses in Illinois;

    (b) A need exists to increase industry competitiveness by supporting the application of innovative technologies that improve productivity and efficiency;

    (c) A need exists to mobilize support for biotechnology industries to commercialize new products and processes; and

    (d) A need exists to facilitate and coordinate the marketing, organization, use, and development of biotechnology scientific research in this State.

(Source: P.A. 88-584, eff. 8-12-94.)

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Last modified: February 18, 2015