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Michigan's Strategic Fund board has approved a $7.5 million grant to help create 2,500 new jobs at a new Ford campus in Detroit, the Detroit Free Press reports.
The grant will support the launch of a transportation innovation zone in Corktown, workforce training for both high school students and adults, and efforts to attract global talent to work at Ford's Michigan Central Innovation District, according to the Michigan Economic Development Corp.
The grant is on top of $207 million in tax breaks Ford was previously awarded for its $740 million rehabilitation of the 109-year-old Michigan Central Station train depot on the west end of Corktown.
Ford has committed to having 2,500 of its employees working in the Corktown campus.
The first phase of Ford's innovation district will come online this summer when the rehabilitated 96-year-old Book Depository building opens to employees of Ford and other mobility companies and startups Ford hopes to attract to Michigan Central.
The Michigan Strategic Fund board on Tuesday approved the grant as part of $126 million in new and existing state resources being dedicated to infrastructure, housing, and workforce training that support Ford's $950 million investment in the innovation district.
These dollars also will go toward creating new workforce training programs in the district that align with the MOU...
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Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
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The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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