As Michigan's traditional low-tech industries continue to plunge, the state is devoting more funds to enticing and retaining high-tech businesses.
Excerpt:
Governor Jennifer M. Granholm today announced $1.4 million in state matching funds is available for competitive-edge companies that receive certain federal research grants. The Michigan Economic Development Corporation (MEDC) is partnering with The Michigan Small Business and Technology Development Center (MI-SBTDC) to administer the Michigan Emerging Technologies Fund (ETF), a new program endowed by the 21st Century Jobs Fund. The program is available to businesses receiving federal Small Business Innovation Research and Small Business Technology Transfer(SBIR/STTR) research grants and must advance at least one of Michigan’s four competitive-edge technology areas under the 21st Century Jobs Fund: life sciences, alternative energy, homeland security/defense and advanced automotive, manufacturing and materials.
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