Tallahassee, FL - Ash Williams, Executive Director and Chief Investment Officer of the Florida State Board of Administration (SBA) announced the launch of the Florida Growth Fund today. The Florida Growth Fund initiative is one result of the Florida Technology and Growth Act signed by Governor Crist in May 2008. The act allows the SBA to invest up to 1.5% of Florida Retirement System Pension Fund (FRS) assets in technology and growth enterprises that have significant presence in Florida. Technology and growth investments include, but are not limited to, space technology, aerospace and aviation engineering, computer technology, renewable energy, and medical and life sciences.