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Michigan will get $52M federal grant to draw auto jobs and investments

LANSING, MI – The Detroit Regional Partnership and different companions secured a $52.2 million federal grant Friday, Sept. 3, to attract auto jobs and investments to southeast Michigan.

The coalition led by the Detroit Regional Partnership was one among 60 finalists nationwide for the U.S. Financial Growth Administration’s $1 billion regional financial improvement competitors. Funding between $25 and $65 million was awarded to 24 states to “execute transformational initiatives and revitalize native industries,” a information launch mentioned.

“The world is experiencing a once-in-a-century mobility revolution, and the Detroit area is poised to make sure the U.S. leads the way in which. The International Epicenter of Mobility is designed to assist mobility in each sense of the phrase, from the transition to autonomous and electrical autos to social and financial mobility,” mentioned an announcement from Maureen Donohue Krauss, CEO of the Detroit Regional partnership.

In Michigan, the grant shall be used to assist six initiatives from 5 organizations beneath the International Epicenter of Mobility:

  • Detroit Regional Partnership will administer the grant. It would additionally use funding to extend web site readiness to draw main investments.
  • State of Michigan’s Workplace of Future Mobility and Electrification will enhance equitable entry to the state’s testing and proving entry.
  • Southeast Michigan Neighborhood Alliance with MichiganWorks will work with corporations to fulfill high-tech expertise wants, offset retirement losses and assist profession development for communities which have traditionally been excluded.
  • TechTown will assist speed up the expansion of mobility startups.
  • College of Michigan Financial Development Institute will work with small- and medium-sized producers transition to the electrical automobile market although a brand new Superior Mobility Provide Chain Transformation Heart.

“Collectively, we’re constructing on our bipartisan financial improvement efforts, distinctive mobility and electrification initiatives, and continued, sturdy auto investments. This collaboration between the state and several other native stakeholders led by the Detroit Regional Partnership will assist us continue to grow Michigan’s economic system, creating good-paying jobs, and investing in each area of our state,” Gov. Gretchen Whitmer mentioned in an announcement.

Different state leaders, together with Democratic U.S. Sens. Debbie Stabenow and Gary Peters and U.S. Reps. Brenda Lawrence, D-Detroit; Debbie Dingell, D-Detroit; and Hayley Stevens, D-Rochester Hills, celebrated the funding alongside the coalition.

Grants have been additionally awarded to Alaska, California, Florida, Georgia, Kansas, Louisiana, Missouri, Nebraska, New Hampshire, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Dakota, Texas, Virginia and West Virginia.

Extra on MLive:

These four Michigan initiatives are getting tens of millions in state incentives

Ford cuts 3,000 jobs, largely in Michigan

‘Take that Elon Musk.’ Ford’s EV presence will increase however so do the costs

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