Gov. Rick Snyder’s FY 2016 budget plan, presented to the Legislature today, is focused on making Michigan stronger, healthier, safer and more fiscally responsible. His proposals come amid widespread (and impressive) evidence of Michigan’s economic renewal and the state’s lowest unemployment rate in 12 years.
“Michigan is on the right path. Our state’s economy is growing and thriving, fostering more and better jobs for our residents,” said MEDC Chief Executive Officer Steve Arwood. “Gov. Snyder’s budget makes long-term, strategic investments that will continue to drive our state forward. This budget invests in increased talent development, from early schooling onward, which will be key to our state’s economic vitality.”
The governor’s budget invests a total of $129 million to grow Michigan’s economy through MEDC’s business attraction and community revitalization efforts. This total includes $111.1 million on an ongoing basis, as well as $17.9 million of one-time general funds to fuel business and community development projects throughout the state. Governor Snyder’s approach to business attraction has been fiscally prudent with incentive programs now funded annually in the budget ensuring fiscal certainty.
Gov. Snyder is concentrated on further advancing and accelerating Michigan’s economic turnaround by focusing on the skilled trades and job creation. The governor’s innovative policies are designed to keep Michigan growing stronger and he remains committed to developing a skilled workforce that will lead the nation. This funding will help create the talent capacities that match the needs of Michigan businesses.
A total of $17.8 million is included as part of the recommendation for career and technical education early/middle college programs. The governor’s plan includes a $10 million increase for skilled trades training programs, bringing total funding to $20 million to encourage more residents to master a skilled trade. The total proposed investment to prioritize skilled trades comes to $83 million.
Governor’s budget proposal invests in core priorities that will continue Michigan’s comeback
Gov. Rick Snyder’s FY 2016 budget plan, presented to the Legislature today, is focused on making Michigan stronger, healthier, safer and more fiscally responsible. His proposals come amid widespread (and impressive) evidence of Michigan’s economic renewal and the state’s lowest unemployment rate in 12 years.
“Michigan is on the right path. Our state’s economy is growing and thriving, fostering more and better jobs for our residents,” said MEDC Chief Executive Officer Steve Arwood. “Gov. Snyder’s budget makes long-term, strategic investments that will continue to drive our state forward. This budget invests in increased talent development, from early schooling onward, which will be key to our state’s economic vitality.”
The governor’s budget invests a total of $129 million to grow Michigan’s economy through MEDC’s business attraction and community revitalization efforts. This total includes $111.1 million on an ongoing basis, as well as $17.9 million of one-time general funds to fuel business and community development projects throughout the state. Governor Snyder’s approach to business attraction has been fiscally prudent with incentive programs now funded annually in the budget ensuring fiscal certainty.
Gov. Snyder is concentrated on further advancing and accelerating Michigan’s economic turnaround by focusing on the skilled trades and job creation. The governor’s innovative policies are designed to keep Michigan growing stronger and he remains committed to developing a skilled workforce that will lead the nation. This funding will help create the talent capacities that match the needs of Michigan businesses.
A total of $17.8 million is included as part of the recommendation for career and technical education early/middle college programs. The governor’s plan includes a $10 million increase for skilled trades training programs, bringing total funding to $20 million to encourage more residents to master a skilled trade. The total proposed investment to prioritize skilled trades comes to $83 million.
Gov budget video screenshot
A strong, 21st century education is crucial to the success of our children and the prosperity of our state. Gov. Snyder’s staunch support of education is unwavering. A key component of the governor’s education plan is a new investment of $25 million for a third grade reading initiative to continue and advance the state’s focus on early education so that Michigan children can read proficiently by third grade.
The governor’s budget plan makes additional recommendations for K-12 and post-secondary education, as well as for other core priorities in health and wellness, public safety, and infrastructure. These investments are intended to continue Michigan’s reinvention and improve the quality of life for our state’s residents.
Michigan is creating an environment for increased job growth. This budget will help ensure a vibrant, prosperous Michigan that can and will grow even stronger. For details on Gov. Snyder’s proposed budget, visit here.
Source: MEDC