Only 61 chosen from 505 prospects...
And only 4 in the alternative energy category, $2 Billion total in the fund to be allocated.
Competitive process selects 61 proposals to create 21st century jobs
LANSING, Mich., Sept. 6 /PRNewswire/ -- Governor Jennifer M. Granholm
today announced that 61 awardees have been selected by the Michigan
Strategic Economic Investment and Commercialization (SEIC) Board to share
more than $100 million from the first round of the 21st Century Jobs Fund
initiative to create jobs in Michigan's emerging technologies. The
initiative is part of the Governor's comprehensive Jobs Today, Jobs
Tomorrow economic plan to grow Michigan's economy.
"Today, we are creating the 21st century jobs of tomorrow," Granholm
said. "These awards recognize some of the most promising and innovative job
creating ideas Michigan has to offer."
The 21st Century Jobs Fund is a $2 billion, ten-year initiative
proposed by Granholm, approved by the Michigan Legislature, and
administered by the Michigan Economic Development Corporation (MEDC) to
accelerate the diversification of Michigan's economy. The commercialization
component of the initiative devotes approximately $800 million for
competitive-edge technologies in the targeted sectors of life sciences,
alternative energy, advanced automotive materials and manufacturing, and
homeland security/defense.
Proposals approved include the following:
Life sciences: 25 proposals - $45.7 million
Alternative energy: 4 proposals - $ 8.9 million
Advanced automotive materials
and manufacturing: 26 proposals - $37.3 million
Homeland security/defense: 6 proposals - $ 9.3 million
