Research and Development The Chamber supports efforts to foster an
the successful recruitment of high-economic impact projects. The Chamber supports establishing “regionally focused” economic development finance tools and structures. The Chamber supports the creation of incentives that bolster research and development efforts, catalyze early- stage capital deployment and provide the ability for key talent recruitment and retention in our market. The Chamber will support efforts to reinstate the Tax Credit for Energy Efficient Homes and oppose efforts to amend the state’s Low Income Housing Tax Credit in a way that would deter investment in affordable housing. The Chamber will support incentives and other state support to maximize opportunities for public and private investment in research and development, including Oklahoma businesses participating in joint research with Oklahoma’s public research institutions. Incentive Evaluation Commission The Chamber supports the Oklahoma Incentive Evaluation Commission (IEC), which was established to make recommendations to the Legislature and governor on which incentive programs are serving their intended purpose and creating economic/community development. If an incentive program cannot show a positive return to the state, it should be scaled back or repealed. The Chamber supports re-positioning and broadening the mission of the IEC to require a thorough review of incentive programs offered by other states be conducted. The purpose of this review would be to learn “best practices” to ensure Oklahoma is offering the most effective, up-to-date and innovative incentives possible.
environment that is conducive to further research and will oppose efforts to unreasonably restrict the continued development of the state’s bioscience and research programs. The Chamber will further support marketing Oklahoma as a rising research, product and technology development hub; support start-ups, engage in intentional efforts to attract scientists, engineers and researchers back to market; and work to retain our premier research workforce.
Federal Funding for Research and Health/ Life Science Infrastructure The Chamber supports protecting and increasing funding for life science and health care infrastructure and programs including but not limited to the National Science Foundation (NSF), National Institutes of Health (NIH) and National Institute for Standards and Technology (NIST). This includes: • Protecting the NIH/Institutional Development Award (IDeA) program, which has been instrumental in building health research infrastructure in Oklahoma. • Ensuring that NIH continues to provide adequate funds for reimbursement of facilities and administration costs. • Continuing to fund Small Business Innovation Research and Small Business Technology Transfer programs is essential for early-stage product and research development. • Enhance connectivity with industry to jointly apply for federal funds supporting healthcare and life science infrastructure and programmatic funding. • Related Farm Bill programs.
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