The funds provided by this bond issue, in the amount of $25,000,000, to be awarded through a competitive process to Maine-based public and private entities and leveraging other funds in a one-to-one ratio, will be used to invest in research, development and commercialization in the State's marine technology and aquaculture sector to be used for infrastructure, equipment and technology upgrades to enable organizations to gain and hold market share and to expand employment or preserve jobs.