Wednesday, October 19, 2005
Michael Shore, MEDC
Training Will Help Four Companies Better Compete in Global Economy
Governor Jennifer M. Granholm today announced a $59,998 job training grant to upgrade the skills of 152 current workers and 15 new hires at four Upper Peninsula companies through Lake Superior State University. The grant, provided by the Michigan Economic Development Corporation as part of the Manufacturing Competitiveness Program (MCP), will provide employees with cutting-edge training in life sciences, advanced automotive, and homeland security applications.
"Michigan's highly-skilled workforce is one of our most powerful assets in attracting and retaining businesses," Granholm said. "This grant will secure four high-tech companies in the Upper Peninsula by preparing their workforce for today's global economy."
The following four companies will benefit from the Economic Development Job Training grant:
Key Plastics LLC in Sault Ste. Marie will use $9,700 to train 26 existing employees and one new hire;
Precision Edge Surgical Products in Sault Ste. Marie will use $33,772 to train 84 existing employees and 10 new hires;
R&B Electronics Inc in Sault Ste. Marie will use $15,449 to train 42 existing employees and one new hire; and
Superior Fabrication Company LLC in Kincheloe will use $1,077 to train three new hires.
Under the terms of the award, the companies will provide a minimum 30 percent funding match.
"EDJT grants have helped equip thousands of Michigan workers with the skills required to be marketable in the 21st century," MEDC President and CEO James Epolito said. "The MCP will continue that success by pooling our resources and fostering regional cooperation to strengthen the state's manufacturing industry and overall economy."
Since 1994, more than $325 million in EDJT grants have helped over half a million Michigan workers improve their skills and enhance the competitiveness of their employers.
In her 2005 State of the State address, Governor Granholm emphasized the need to make Michigan a global economic powerhouse in the 21st century. Strengthening Michigan's workforce is part of that plan, with job training one of the tools used to enhance Michigan's business-friendly climate.
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.