MI New Economy
The Regional Resiliency Fund would have two primary purposes. It would fund the creation of "Regional Economic Resiliency Plans" and regional projects and/or programs that support the implementation of these plans. The goal of the fund is a more coordinated COVID recovery effort that recognizes the unique needs and challenges for each region, while incentivizing alignment around economic recovery strategies and complementary activities at the state, regional and local level. This is a one-time fund designed to respond specifically to COVID-19, and the potential return is to ensure the $4.6 billion in local spending complements state spending and avoids wasteful duplication, while investing in high ROI activities such as infrastructure development, job training, small business support, neighborhood support and other important recovery activities.