|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||2||$952,711|
During FY 2012, EDA awarded 11 grants totaling $4.5 million in the State of Michigan. These investments spurred job creation in the lumber/timber industries, medical devices, green energy, and high tech manufacturing. These projects leveraged the assets of the rural and urban areas of the state to create a holistic approach to economic development that is able to increase productivity, spur innovation and entrepreneurship, and increase long-term regional competitiveness and economic diversification. These investments are expected to create or retain 1,188 jobs according to grantee estimates.
Investment Spotlight: EDA Project Helps Region Capitalize on Export Opportunities
With close proximity to Canadian land crossings at Sault St. Marie and Port Huron, Eastern Michigan and the Upper Peninsula are uniquely positioned to accelerate export activity. However, to more effectively leverage this unique competitive advantage, the region needs a globally-competitive export strategy focused on creating new markets for local products and services.
In FY 2012, EDA invested $332,365 to support the development of regional innovation exporting strategies that will help Michigan’s regions assess and assist with the growth of exporting for the state’s small and medium businesses. A collaboration between Michigan State University, East Michigan Council of Governments, Eastern Upper Peninsula Planning and Development Commission, and St. Clair County EDC, this project will also provide exporting data analysis; assist regional companies recognize and increase exporting opportunities; expand regional exporting strategies; and convene bi-national exporting conferences and partnerships. The purpose of the project is to assist Michigan communities and companies in competing successfully in the global marketplace by exporting and/or importing goods to and from Canada, as well as overseas markets. By increasing trade, the region’s businesses will be able to grow and expand their workforce.