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Showing posts with the label L3C

Tech Maine Closes as The Maine Institute of Technology Thrives

Recently in the news is the closure of TechMaine Tech Maine lobbied back in 1998 to bring about the legislative charter of the Maine Technology Institute , a non-profit corporation,which channels funds from the taxpayers and other funds available to non-profits to private sector technology companies. I am not sure why the legislature had to create the L3C to enable small businesses like MOO Milk to get in on foundation money while the same legislature created a non profit corporation to channel tax payer and non-profit funding to private high-tech companies. MTI's recent annual repor t shows that it is abundantly financed, and while participating in and lending "support" to the legislaures "targeted sector" and supported network, TechMaine,is not included among those receiving benefits from MTI. One wonders why MTI  does not  give needed support to the lobbying group that contributed so much to it's birth. Speculations arise of political in fighting am