MI New Economy
The Talent Fund would use the $100 million investment to expand current program innovations for demand-driven, work-based learning training solutions. The investment would allow for an expansion to address workforce skills gaps for some of Michigan's most vulnerable residents brought on by the COVID-19 pandemic. Michigan workers who are disabled, dislocated, unemployed, underemployed, returning citizens, veterans and individuals without high school diplomas need to gain the skills and credentials required to begin prosperous, life-sustaining career pathways. Existing workers need upskilling to meet industry standards and advance their careers. To assist in Michigan's economic recovery, Talent Fund awards would prioritize industries, some demographic groups and communities most adversely impacted by the long-lasting effects of COVID-19. The projected outcomes of the investment will impact more than 80,000 Michigan workers. The investment would also support the state's education attainment goal of increasing the number of Michigan working adults with a skill certificate or college degree to 60% by the year 2030.