Show Seed Money Available For Technology-Baoe- d Companios IPA Bond Rating Goos Up The securities rsting agency Standard & Poor’s announced today that it haa raised the ratings on Power Agency’s (IPA) IPA has been municipal bonds responsible for financing the 155 billion Intermountain Power Project Delta located near Citing "continued strong financial performance the successful operation of the Project and improved operations of the participants’’ Standard & Poor's raised the majority of IPA’s power supply revenue bonds and special obligation bonds from A to AA The adjustable rate revenue bonds were raised from AA-- to AAA-- Standard & Poor’s also raised the rating of the bonda issued by Southern California Public Power Authority to finance the SI billion Southern Transmission System that extends 500 miles from the Project to the southern California participants’ systems The 1600 megawatt generating station is a joint action effort with 36 participants in Utah and California Construction began in 1981 and was completed in May 1987 The cost of energy to the ratepayers has been reduced by more than half from the early projections Finance The Utah Technology Corp has begun round four in the Utah Small Business Innovation Program’s solicitation of "seed" money research proposals from individuals comor small panies with promising ideas for new products processes or services Funding is available in amounta ranging from 930000 to 950000 The highest amount is limited to merit” proposals of "exceptional according to Willard Gardner chairman of UTFC’a Innovation Finance the which overseea Committee program Grant L Cannon executive director of UTFC says the first three solicitations resulted in the funding of 23 research projects UTFC is an independent public corporation created to promote innovative research and job growth The organiiation also reProminent ceives federal funding Utah business industry community and education leaders comprise a volunteer Board of Trustees appoint-eby the governor The Utah Engineering Experiment Station assists in administering the program and provides information to potential applicants The station also processes the innovation research proposals for a committee of technical experts to evaluate A STATEMENT ON THE BICENTENNIAL By President Ronald Reagan Just two hundred years ago a small group of men from twelve of the thirteen American states gathered in a hall in Philadelphia They came as far north as New Hampshire and as far south as Georgia The was program established to assist small businesses or individuals engaged in initial research on commercially promising projects The Utah Small Business Innovation Program supports research aimed at refining technical ideas into venture inventions for the marketplace "Proposals are judged principally on the merits of the proposed research and its potential for (seating enterprises in Utah" says Cannon Successful applicants will be en- CONTINUED ON PAGE 2 Happy Birthday from Barriers of distance and special interest might have divided them but their common dedication to liberty and the rights of man held them together 'They were devoted to the proposition that governments derive their just powers from the consent of the governed And it was their mutual conviction that here on these shores they could raise a light unto the nations — a light of of liberty and of hope Constitution — 200 Yoars Old Still Going Strong! For two centuries these ideals have guided us and given us strength in our journey across a continent to the stars and into the heart of every man and woman on earth who dreams of liberty let On this historic occasion us join together to remember our heritage and to rededicate ourselves to America's mission of standing by those who— wherever they may be — love freedom and yearn for democracy God bless you Ronald Reagan President of the United States September 17 1787-198- 7 |