©2016 Michigan Economic Development Corporation

21st Century Jobs Trust Fund Investment Manager Request for Proposals Issued

Thursday, April 20, 2006

Michael Shore
(517) 335-4590

Experts Sought to Help Grow Michigan Businesses, Diversify Economy

Michigan Economic Development Corporation President and CEO James C. Epolito today announced the Michigan Strategic Fund (MSF) has issued a request for proposals for fund managers to develop and administer investment programs under the Jobs for Michigan Investment Fund, a key component of the 21st Century Jobs Trust Fund initiative. The Michigan Economic Development Corporation will provide administrative services to the MSF Board for the RFP process.

The MSF Board estimates that up to $114 million is available in 2006 and 2007 for the creation and development of the investment programs, with up to $400 million available over the course of the 21st Century Jobs Trust Fund.

The Request for Proposals is available online at www.michigan.org/msf. Proposals must be submitted electronically and are due no later than May 11. Award recommendations are expected in early June.

Questions regarding the request for proposal process may be submitted via email to Jodi Hankerd at hankerdj@michigan.org. Questions must be received by email no later than 2 p.m. on May 1.

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 more information on MEDC initiatives and programs, visit the Web site at www.michigan.org.

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