Tuesday, November 19, 2002
Michigan Economic Development Corporation Announces First Round of Funding
The Michigan Economic Development Corporation (MEDC) announced $621,202 in a new round of Economic Development Job Training Grants today.Twenty-two grants will be used to help improve the job skills of 1,350 Michigan workers at 24 Michigan companies.This is the first in a series of awards to be granted in this fiscal year.
“Companies are attracted to Michigan because of our strong workforce and nationally known business friendly environment,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“Economic Development Job Training grants help ensure that Michigan employers have the highly trained technical workers needed for successful operations.”
The program helps Michigan businesses create new jobs or retain existing jobs by improving the skills and competitiveness of Michigan’s workforce.Under the requirements of the job training program, employers must provide a 25 percent match for training existing workers.For these grants, employers will provide $368,609 in matching funds.
The funds are provided to local community colleges, vocational-technical schools or other training providers chosen by the employer.As the state’s 18 Michigan Technical Education Centers (M-TECs)sm open for business, more companies are expected to utilize their training services, which are tailored to each company’s skill needs and time demands.There are 17 M-TECssmcurrently open with one more scheduled to open this year.Since their inception, Michigan M-TECs have provided service to more than 500 employers and 16,000 trainees, totaling over 349,000 training hours.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life. For a complete list of grant awards please CLICK HERE.
2003 Economic Development Job Training Grants
Total # of Grants Awarded22
Total # of Companies Utilizing Grants 24
Total Amount of Grants$621,202
Total amount of Employer Match$368,609
Total # of Workers Receiving Training 1,350
Current Workers 1,242
New Workers 108