By Staff
LANSING - Gov. Jennifer M. Granholm Monday signed a package of bills that will invest more than $2 billion to create thousands of new jobs and diversify the state's economy.
The state will invest nearly $1.5 billion. That investment is expected to leverage an additional billion dollars or more in private investment focused in four key growth areas: life sciences, advanced manufacturing, alternative energy and homeland security.
The bills create a 21st Century Jobs Fund which will be used to invest in new technologies that will drive Michigan's economy into the future.
The governor's jobs plan will capitalize on the best research and commercialization opportunities in the four key growth areas in order to create good-paying, high-tech jobs that can't be outsourced.
In addition, bills will create:
Up to $450 million through the Venture Capital Investment fund to help start-up companies succeed.
New tax incentives to encourage investors to make and keep their investment dollars in Michigan.