On September 30th, Governor Whitmer announced that the U.S. Secretary of Commerce’s Economic Development Administration (EDA) is awarding a $3.8 million CARES Act Recovery Assistance grant to the University of Michigan-Flint, Flint, Michigan, to construct the university’s new College of Innovation and Technology. This EDA grant, to be matched with $4.9 million in local funds, is expected to create 126 jobs, retain 175 jobs, and generate $10.4 million in private investment.
“Thank you to the U.S. Economic Development Administration for their support for a new College of Innovation and Technology building at UM-Flint,” said University of Michigan-Flint Chancellor Deba Dutta. “This catalytic investment in support of innovation, entrepreneurship, and technology development will serve as the entryway for industry and community partners to advance economic growth in the region. We are grateful to the Charles Stewart Mott Foundation and other UM-Flint partners for their generous financial support of this transformational project. Our industry partners have been instrumental in the success of this proposal, and we continue to benefit from their shared vision and collaboration as we help prepare the Flint region and the state of Michigan with a workforce for Industry 4.0.”
This project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136), which provided EDA with $1.5 billion for economic assistance programs to help communities prevent, prepare for, and respond to coronavirus. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) program, provides a wide range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic.