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Michigan is committed to helping traditional and emerging industries and businesses thrive in our state. We are the proud home of the nation's auto industry, as well as emerging industries supporting clean energy technologies and film production. The Recovery Act will enable us to enhance Michigan's economic stability and strengthen the fabric of our communities and help ensure that these and other industries continue to make Michigan home. |
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• Americorps Funds expansion of the Corporation for National and Community Service AmeriCorps program to recruit, place, and supervise AmeriCorps members to meet critical community needs. | • Community Development Block Grant HUD-administered; enables local governments to help provide decent, affordable housing and create economic opportunities primarily for low and moderate income families. | • Community Development Financial Institutions Treasury Department grants to increase the capital, credit, and financial services they provide in economically distressed communities. | • Economic Development Assistance Commerce Department grants to address long-term economic distress in urban industrial cores and rural areas; distributed based on need and ability to create jobs and attract private investment. Priority consideration will be given to those areas that have experienced sudden and severe economic dislocation and job loss due to corporate restructuring. | • Neighborhood Stabilization Fund HUD grants to states and certain local communities to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values. The grants also may be used to develop new affordable housing, including multi-family rental communities, on vacant property in foreclosure-impacted neighborhoods. | • Rural Business Program Grants and loans to improve, develop, and finance business, industry, and employment and improve the economic and environmental climate in rural communities. | • Rural Community Facilities Program USDA grants and loans for eligible cities with a population of less than 20,000; may be used to construct, enlarge, or improve community facilities for schools, libraries, health care, fire and rescue stations, police stations, community centers, public buildings and transportation. |
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