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(AARCC)
— Originally established by the FACT Act 1990 as
the Applied Agricultural Research Commercialization Center, the purpose of the
AARCC is to assist in the research, development, and commercialization of new
nonfood products from agricultural and forestry commodities. AARC makes
repayable equity investments, such as buying stock or taking a percentage of
future sales (royalties), or both. The FAIR Act of 1996
changed the Center from a government agency to a wholly-owned venture capital
corporation of USDA.
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