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Lawmakers Want to Reinvest Retirement Fund

April 10th, 2008 by flanews

The Florida Chamber of Commerce joined lawmakers at the Capitol today to announce a plan aimed at jumpstarting the states economy. Lawmakers are sponsoring a bill that would allow the state to reinvest 2 billion dollars from the retirement fund. The bill urges the states financial leaders to invest the money in Biotech or other cutting edge businesses. Representative Frank Attkisson says by investing in high-tech companies the state would get more high paying jobs.

We have an economic crisis worse than weve ever seen. The only way to get taxpayers to pay more money is to give them more dollars, so they can take the great American dream and invest and go explore, said Attkisson.

The bill would also award small business owners grants if they met certain criteria.

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