The passage of Utah State Bill 75 in 2006 allocated $179 million to the
USTAR Economic Development Initiative, $15 million in ongoing annual funding to research teams at the University of Utah and Utah State University and $160 million towards the construction of new research facilities. Included in this appropriation is funding for alternative and renewable energy research, including
catalysis and solar technologies. Resulting new bioengineering companies include Binergy Scientific, Nanosynth Materials and Sensors, and Nanosynth Energy Technologies.
Economic impacts From fiscal years 2007 through 2011, USTAR generated more than $700 million in jobs-related earnings, gross state product, state tax revenue and local tax revenue, as outlined in the table below from 2012 report by the Bureau of Economic and Business Research at the
David Eccles School of Business at the University of Utah
Construction Construction spending for USTAR research facilities has had the largest economic impacts to the state, supporting an average of 801 jobs annually, and generated $143.2 million in Utah jobs earnings. Both facilities, the BioInnovations Center at
Utah State University and the Sorenson Molecular Biotechnology Building at the University of Utah, are
LEED Gold certified.
Sorenson Molecular Biotechnology Building Officially dedicated in 2012, the James L. Sorenson Molecular Biotechnology Building is part of a four-building quadrangle. The 208,000-square-foot building features a transparent design, enabling natural light to enter 75% of the interiors. Built to LEED Gold certification standards, the facility will reduce energy and use costs by nearly 40%. Sustainable features include multistage
evaporative cooling systems and low
volatile organic compound finishes. Vegetated
bioswales, incorporated in the landscaping, collect and filter
surface runoff. A total of 33,000 cubic yards of concrete and 6.8 million pounds of reinforcing steel were used in the construction of the building. Concrete used features high
fly ash content. Local, renewably sourced stone and copper were also used in construction. == Training efforts ==