Monday, July 15, 2002
Accumulated Total of More Than $26 Million Granted This Year
The Michigan Economic Development Corporation (MEDC) announced today that 5,915 Michigan workers will have the opportunity to improve their job skills through more than $3.9 million in Economic Development Job Training grants.Seventy-six grants provided to local educational facilities will be used to upgrade the skills of workers at 80 Michigan companies throughout the state.
“Job training adds to the overall success of the employer and employee,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation.“This program provides employees with training in the newest processes and technology, knowledge to prevent and solve problems, maximize productivity and enhances innovation and creativity.”
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 at least a 25 percent match for training existing workers.For these 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 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 15 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, please click here.
2002 Economic Development Job Training Grants
Total # of Companies to Utilize Grants:80
Total Amount of Grants:$3,990,792
Total Amount of Employer Match:$2,078,671
Total # of Workers Receiving Training:5,915