Accumulated Total of $19,448,177 Awards Granted and More Than 31,000 Workers to be Trained This Year
The Michigan Economic Development Corporation (MEDC) announced today that an additional 3,943 Michigan workers will have the opportunity to improve their job skills through more than $2.5 million in grants.Twenty-six grants, funded by the Michigan Economic Development Corporation’s Economic Development Job Training program, will be used to upgrade the skills of workers at Michigan companies.
“These grants will help provide Michigan workers with the learning tools and resources needed to improve and enhance their job skills,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“The instruction and training these grants will provide is helping to create a viable and highly skilled workforce.”
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 26 grants employers will provide more than $2 million in matching funds.
The funds are provided to local community colleges, vocational-technical schools or other training providers.As the state’s 18 Michigan Technical Education CentersSM (M-TECs)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 seven M-TECsSM currently open with more scheduled to open this year.
“This program seeks to ensure that Michigan employers have the highly trained technical workers they need to compete in the global economy,” Rothwell said.“Providing skills training helps worker career advancement, teamwork and productivity.”
The MEDC has awarded more than $19 million in EDJT grants this year, providing skilled training to an estimated 31,000 Michigan workers.More grants are expected to be announced later 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.
Current Economic Development Job Training Grants
Total Number of Grants Awarded:26
Total Amount of Grants:$2,567,640
Total amount of Employer Match:$2,035,376
Total Number of Workers Receiving Training:3,943