LANSING, Mich., July 18, 2022 — The Legislature recently approved a record-breaking state budget. State Rep. Mary Cavanagh (D-Redford) advocated for strong investments in trade and economic development to be included in the budget.
“I worked hard to ensure the budget made plenty of funding toward trade and economic development in Michigan, and I am very glad to report that the budget deal successfully makes investments in those areas,” Cavanagh said. “Trade in Michigan is very important — it enhances consumer choice and access to goods and services. Not to mention, trade fuels economic growth and the creation of high-quality, good-paying jobs. Having a dynamic trade sector and strong economic development are necessary for the prosperity of Michigan’s today and tomorrow. By making these investments, this budget helps Michiganders better provide for their families and thrive as individuals.”
Trade and economic development investments contained in the state general budget include:
- $110 million for Michigan Reconnect and Going Pro, putting people on tuition-free paths to higher education and supporting employers who need to train our workforce to handle the future of our economy.
- $50 million for nonprofit relief to help local organizations continue providing critical services.
- $230 million for two transformational education infrastructure projects centered on cancer research and the future of electrification and mobility.
- $10 million to remove barriers to employment, including childcare and transportation.
- $10 million for statewide pre-apprenticeship programs.
- $75 million for Michigan community financial development institutions, which promote economic revitalization and development in underserved areas of the state.