©2016 Michigan Economic Development Corporation

21st Century Jobs Fund Draws SRO Crowds, Generates Buzz

Friday, February 10, 2006

Michael Shore, MEDC
(517) 335-4590

>1,500 Flock to Learn of New Jobs Creation Initiative

Michigan Economic Development Corporation President and CEO James Epolito today announced more than 1,500 entrepreneurs, researchers, business leaders and product developers gathered for the official rollout of the 21st Century Jobs Fund initiative and its application process. Many of the sessions, held in 14 venues across Michigan over the past month, were filled to capacity and higher than expected registrations in Ann Arbor required a second session there.

Signed into law by Granholm in November, the 21st Century Jobs Fund allocates nearly $400 million of state tobacco settlement revenue to support commercialization, capital investment and commercial lending efforts in the four tech sectors: life sciences; alternative energy; advanced, automotive manufacturing and materials; and homeland security/defense technologies.

The newly appointed Strategic Economic Investment and Commercialization Board (SEIC) will administer grants and loans to support competitive-edge technology investments in the targeted sectors.

The 21st Century Jobs Fund research and commercialization competition is now open. RFPs, online applications, timetables and instructions can be found at: www.michigan.org/21stCentury.

The Michigan Economic Development Corporation (MEDC), a partnership of the state and local communities, promotes smart economic growth through strategies and services to create and retain good jobs and a high quality of life. For more information on MEDC initiatives and programs, visit the Website at www.michigan.org.