Friday, February 01, 2002
Accumulated Total of More Than $9.6 Million Awards Granted This Year
The Michigan Economic Development Corporation (MEDC) announced today that 1,787 Michigan workers will have the opportunity to improve their job skills through $598,021 in Economic Development Job Training grants.Eight grants provided to local educational facilities will be used to upgrade the skills of workers at 21 Michigan companies.
“Michigan possesses a highly skilled workforce.The job training program helps employees receive the training needed to further enhance their skills and productivity,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“Economic Development Job Training grants help ensure that employers have the highly skilled workforce needed to compete in today’s high-tech economy.”
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 more than $277,841 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-TEC)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 12 M-TECsSM currently open with more scheduled to open this year.
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 click here.
2002 Economic Development Job Training Grants
Total # of Grants Awarded 8
Total Amount of Grants$598,021
Total amount of Employer Match$277,841
Total # of Workers Receiving Training 1,787
Current Workers 1,679
New Workers 108