The Legislature today in a single stroke can reinforce the concept of technology transfer from state university researchers to private enterprise, provide new markets for Maine wood fiber and stimulate the statewide economy.

It can do all those things for just $350,000, a bargain at today’s prices for job creation and economic development programs.

The funds are modest, but could turn out to be one of the most important line items in the $8 million emergency budget. They represent the state’s contribution to a process that will build a new industry in Maine. Using technology developed at the University of Maine, private firms eventually will blend wood and plastics here to manufacture construction materials that have a variety of applications, from I-beams to bridge supports.

The formula for the layman is basic: Take fiber from trees such as red maple, the most plentiful species in the state, but one for which there is no industrial demand. Mix in as little as 2 percent plastic. The finished product is a strong as steel, won’t rust or corrode and is ideal for building oceanside docks or girders for highway bridges.

Sea and highway salt won’t weaken it. It is tested. A 192-foot wood span already connects Addison to Crowley Island and a 120-foot, wood-composite pier stands in the Atlantic at Bar Harbor. It also is less expensive than conventional construction.

The science is proven. The problem has been to translate a discovery into a viable manufacturing process. A major endorsement of the pioneering work at UM came at the end of September when the Economic Development Administration announced the award of a $2.2 million to the university for construction of the Composite Reinforced Wood Research and Testing Facility in Orono. It was the largest award of its kind in UM history.

Although the grant and other funding sources, including private-sector donations, eventually may make as much as $7 million available to build the center, the EDA promise comes with an important condition. Construction must be under way by Sept. 25. In addition, the National Science Foundation (NSF) has pledged funds to support programs within the center. Again, a time line must be met. Facility-related research must begin by January 1998, just a year away.

The federal grant, NSF support and substantial private investment interest are waiting for the state’s expression of support for this project. It is the first, and thus most important item in a package that the University of Maine and regional development officials must assemble to meet their deadlines.

This is the model that has worked on Route 128 in Massachusetts. Identify your strength for development and manufacturing. Provide the basic infrastructure for research. Help it spin off into investment and construction when industry is attracted. It will work for Maine. This Legislature can help it get started.