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U-M programs spur job growth, receive economic development award from International Economic Development Council
By Alex Piazza Office of Research The largest international economic development organization has recognized a University of Michigan institute for successful implementation of innovative programs that have helped create more than 1,000 high-tech jobs throughout
DMAP to present on Business Assistance and Diversification Strategies for the Defense Supply Chain
The Defense Manufacturing Assistance Program (DMAP) will present on business and diversification strategies at Automation Alley in Troy, Michigan. This free event is hosted by Automation Alley.
$8M Defense Department grant aims to address downsizing
Michigan, Ohio and Indiana have lost more than 6,800 defense supply-chain positions in recent years—cuts spurred largely by the ending of two foreign wars and the current federal fiscal environment. Based on a successful pilot project, the U.S. Department of Defense’s Office of Economic Adjustment has awarded $8 million to U-M’s Institute for Research on Labor, Employment and the Economy to assist communities and companies in the three states that have been impacted by these job losses.
IRLEE representatives collaborate to develop trade zones
Due to the downsizing of the National Defense budget, local trade zones have experienced labor and economical instability as a result of reduced defense contracts. The Next Michigan Superior Trade Zone (STZ) in particular has
Michigan unemployment rate remains 4.8% for April
Michigan added 6,000 new jobs in April and the state's unemployment rate remained unchanged at 4.8% as the state's workforce continued to expand. The state’s unemployment rate in April was two-tenths of a percentage point below
State of Michigan faces $460M deficit; painful cuts to be made
The state of Michigan is facing a $ 460 million deficit over the next two years. That means some painful cuts will have to be made - including state services you depend on. That means