We are working together to make Michigan the best place to do business! 

Earlier this month, the Michigan Legislature passed a historic bipartisan budget with meaningful investments to win more projects, invest in people, and revitalize places. 

Right now, Michigan has momentum, with 82,000 jobs added year over year, unemployment below 4% for only the third period since the 1970s, and more than $16 billion of investment and 16,000 jobs secured with our bipartisan economic development tools. The recent, bipartisan budget will build on this momentum with our comprehensive ‘Make it in Michigan’ plan and cohesive strategy to keep moving Michigan forward. 

Let’s talk about how the 2024 budget will power economic development, create good-paying jobs, and deliver on kitchen-table issues to help anyone “Make it in Michigan.”

Here are the highlights:  

• $500 million for the Make it in Michigan Fund to continue competing with other states and nations to bring home advanced manufacturing projects.  
• $350 million for the Make it in Michigan Competitiveness Fund to win federal resources from the Bipartisan Infrastructure Law, the CHIPS and Sciences Act, and the Inflation Reduction Act. 
• Michigan is set to receive over $1.5 billion (4th highest in the nation) through the Broadband Equity, Access, and Deployment (BEAD) Program to expand high-speed internet access to over 200,000 Michiganders in unserved and underserved areas across the state. 

• Taking the first steps towards offering Pre-K for All with a $72.6 million of the Great Start Readiness Program (GSRP) free preschool program for up to 5,600 kids. $230 million to expand GSRP to 5 days a week and open new classrooms. 
• $70 million to temporarily lower the age for Michigan Reconnect—tuition-free associate degrees or skills training—from 25 to 21, expanding eligibility to 350,000 people. 
• Funding the recently established Growing Michigan Together Council so they can focus on growing our population and economy while protecting our natural resources. 

• $50 million in sustainable, recurring funding for the Housing and Community Development Fund to build thousands of housing units, house thousands of families, and support thousands of jobs. Builds on $150 million investment in the fund earlier this year. 
• $50 million in sustainable, recurring funding for Revitalization and Placemaking Grants, used to make communities more attractive places to live and work by building housing, parks, and beautifying other places. This builds on $100 million investment in the program earlier this year. 
• A 5% increase in revenue sharing to help counties, cities, villages, and townships improve quality of life for residents. Additional, dedicated funds for local public safety initiatives. 

We’re ensuring that Michigan is competing for more advanced manufacturing projects, investing in people, and revitalizing communities to make them more attractive places to live and work.    

Together we’re building on Michigan’s economic momentum!