Talent and Economic Development
These are the currencies for the State’s future economic growth. The Department of Talent and Economic Development allows the state to leverage its ability to build talent with in-demand skills while helping state businesses grow and thrive.
Joining job creation and economic development efforts under one umbrella, TED consists of the Michigan Economic Development Corporation, the Michigan Land Bank Fast Track Authority, the Michigan State Housing Development Authority, the Michigan Strategic Fund and the newly created Talent Investment Agency.
The Michigan Strategic Fund oversees economic development strategies. Its board directs state appropriations in support of business and community development, and state marketing activities, including the promotion of tourism, film industry, arts and cultural affairs.
The Michigan State Housing Development Authority provides financial and technical assistance through public and private partnerships to create and preserve safe and decent affordable housing.
The mission of the Michigan Land Bank is to promote economic growth in this state through the acquisition, assembly and disposal of public property, including tax reverted property, in a coordinated manner to foster the development of that property, and to promote and support land bank operations at the county and local levels.