Thursday, February 23, 2006
Michael Shore, MEDC
Nearly 800 Submit Letters of Intent for 21st Century Jobs Fund
LANSING - Governor Jennifer M Granholm today announced the Michigan Economic Development Corporation (MEDC) has received 791 letters of intent for projects seeking to benefit from up to $100 million in the first round of funding available through the 21st Century Jobs Fund this year.
Letters of Intent were received from universities, nonprofit research institutions and corporations, businesses and entrepreneurs through an online submission process. Of the 791 received, a total of 242 were in life sciences, 235 in advanced automotive, manufacturing and materials, 127 in homeland security/defense and 69 in alternative energy. An additional 118 covered multiple areas in commercialization services.
Proposal submissions and letters of financial commitment are due by March 24, with the first round of awards expected to be announced in July. More information about the 21st Century Jobs Fund including online applications, timetables and instructions can be found at www.michigan.org/21stCentury.
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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