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Michigan's Strategic Fund board has approved a $7.5 million grant to help create 2,500 new jobs at a new Ford campus in Detroit, the Detroit Free Press reports.
The grant will support the launch of a transportation innovation zone in Corktown, workforce training for both high school students and adults, and efforts to attract global talent to work at Ford's Michigan Central Innovation District, according to the Michigan Economic Development Corp.
The grant is on top of $207 million in tax breaks Ford was previously awarded for its $740 million rehabilitation of the 109-year-old Michigan Central Station train depot on the west end of Corktown.
Ford has committed to having 2,500 of its employees working in the Corktown campus.
The first phase of Ford's innovation district will come online this summer when the rehabilitated 96-year-old Book Depository building opens to employees of Ford and other mobility companies and startups Ford hopes to attract to Michigan Central.
The Michigan Strategic Fund board on Tuesday approved the grant as part of $126 million in new and existing state resources being dedicated to infrastructure, housing, and workforce training that support Ford's $950 million investment in the innovation district.
These dollars also will go toward creating new workforce training programs in the district that align with the MOU...
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Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Together TV, the Channel that Helps You Channel Your Inner Good
Caroline Diehl is a serial social entrepreneur in the impact media space. She is Executive Chair and Founder of the UK’s only charitable and co-operatively owned national broadcast television channel Together TV, the leading broadcaster for social change runs a national TV channel in the UK and digital platform which helps people find inspiration to do good in their lives and communities.
