Nov. 14, 2005 by Jeany Llorente-Ontiveros NMSU News Center
Garrey Carruthers, dean of New Mexico State University’s College of Business, was notified today, Nov. 14, by Sen. Pete Domenici’s office that the university’s Arrowhead Center Inc. will receive a $2 million appropriation within the $30.5 billion fiscal year 2006 Energy and Water Appropriations Bill.
The bill received final Congressional approval today and has been sent to President Bush’s desk for signature.
“We are delighted with this news from Sen. Domenici, who is a long-time advocate of the commercialization of intellectual property and business development in the state of New Mexico,” said Carruthers, who is also vice provost for economic development. “I thank Sen. Domenici for his continuous support of the Arrowhead Center and of New Mexico State.”
“The NMSU Arrowhead Center and Research Park funds included in the bill will help ensure that the intellectual property of NMSU faculty will translate into commercial development,” Domenici said in a news release. “This will lead to job creation and the further boosting of our state’s status as a leader in innovative research.”
Domenici is chairman of the Senate Energy and Water Appropriations Subcommittee.
With the new funding, Carruthers anticipates expanding all five units of the Arrowhead Center: Intellectual Property and Commercialization, Research Park, Entrepreneurship, Workforce Development and Policy Analysis.
For more information on Arrowhead, go to http://arrowheadcenter.nmsu.edu.