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Lawmakers continued to provide support for life sciences at a reduced level in the recently enacted budget; however, other technology areas did not fare as well. In some cases, funding was eliminated for tech-based initiatives, and lawmakers allowed a tax credit for early stage investors to expire. Meanwhile, the North Carolina Biotechnology Center plans to consolidate activities and redouble efforts to keep things moving in the wake of a 27 percent reduction to their budget.

To attract and grow high technology businesses and streamline its economic development efforts, a task force created in 2007 to study economic competitiveness in Arkansas recommends the state remove its constitutional prohibition on state equity investments in priva