Selected Federal Agency Announcements and Related for the Week of February 5th, 2018 - The following is a selection of recent announcements gleaned from various federal sources and colleagues, and is provided to EDA's Economic Development Integrators to increase our awareness of complementary resources for economic development.
The 8-County East Central Michigan Prosperity Region 5 maintains a dashboard that measures progress/changes in nine measurable metrics to monitor movement/dynamics relating to the goals, objectives and strategies within the regional strategy. The metrics were determined by the PR-5 Strategic Management Team (the Collaborative) during the development of the strategy in 2014. The housing market, private business growth and wages are looking better in 2017. Conversely two areas of concern are the significantly lower traffic at MBS airport compared to 2016 and an uptick in the Region’s unemployment rates.
Eight projects will receive a boost in funding thanks to the East Central Michigan Prosperity Region 5 Mini Grants awards announced this week from the East Michigan Council of Governments (EMCOG).
The first time mini-grants, funded by Michigan’s Regional Prosperity Initiative (RPI) will distribute $100,000 to projects that will support various economic development, transportation, educational, outdoor recreation/tourism and place-making initiatives throughout the 8 county region. In total, 14 projects competed for this first round of funding.
The findings of the study reveal a region facing important challenges. Perhaps the most productive role for the report is to provide a benchmark of the current status of the region’s labor force and potential labor force – to be used by stakeholders to identify areas where economic developers would like to encourage growth and development; to aid economic developers as they leverage the regions resources; and to facilitate conversations aimed at identifying key strategies to positively impact the region’s economy and move it forward in a positive and sustainable way.
The East Central Michigan Prosperity Region 5 Mini-Grant Program is a new initiative being led by the East Michigan Council of Governments (EMCOG). This project is being funded by the State of Michigan as part of the state’s Regional Prosperity Initiative.
All county or municipal governments (city, village, township), downtown development authorities and economic development authorities, nonprofits, educational institutions, adult education agencies, workforce development agencies in the East Central Michigan Prosperity Region 5.
See here for details
Michigan's Office of the Great Lakes, along with several other state agencies, has authored a long-awaited comprehensive water strategy document. Michigan’s Water Strategy will, for the first time in our state’s history, outline a vision for the future for managing, protecting and enhancing one of our greatest natural assets: abundant freshwater resources.