Michigan Budget Proposal Focuses on Job Creation, Workforce Training

State Science and Technology Institute (2/25) – Gov. Jennifer Granholm's FY10 budget includes increased funding to support programs aimed at job creation in emerging fields and maintains level funding for year three of an initiative to train displaced workers for in-demand careers.

The executive budget unveiled last week provides $1.4 billion in total funds for the newly reorganized Department of Energy, Labor and Economic Growth, with nearly half dedicated for workforce training…Energy programs and regulation are funded at $123 million in the FY10 budget proposal, which includes funding for an initiative to train workers for green jobs.

The Michigan Strategic Fund, administered by the Michigan Economic Development Corporation, is slated toPost Options receive $163.7 million in FY10, an increase of $11.1 million over last fiscal year. The 21st Century Jobs Fund would receive $75 million - up from $65 million approved in FY09. This fund supports job creation in emerging fields such as renewable energy, life sciences, homeland security and advanced manufacturing by investing in basic research at universities and providing access to capital.