The state of Michigan awarded 61 projects a total of $100 million in its first round of the
21st Century Jobs Fund; five of the projects, totaling almost $6 million, are being undertaken by Detroit entities.
The jobs fund was designed to stimulate the state's economy by creating jobs in the targeted sectors of life sciences, alternative energy, advanced materials and manufacturing and homeland security. The Detroit awardees include:
- The Karmanos Cancer Institute - $1,596,728 towards breast cancer diagnosis research and $2,606,786 towards improvements in patient care and monitoring.
- TechTown - $776,676 for the creation of a comprehensive economic development plan for the state.
- Wayne State University - $700,841 for advanced materials research and $302,761 for reseach in tool fabrication.
Together, these five projects are expected to create 445 new jobs.
Source: Michigan Economic Development Corporation
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