Whitmer unveils "MI New Economy" Plan

Collaborator: Rachael Schuit
Published: 09/22/2021, 1:13 AM

(MACKINAC ISLAND, Mich.) Governor Gretchen Whitmer unveiled her "MI New Economy" plan at the Mackinac Policy Conference on Tuesday. 

Whitmer went into detail about the three pillars of the $2.1 billion plan. 

The three pillars are: grow the middle class, support small business, and build strong communities. 

“I am laser-focused on tackling these big, structural challenges by growing Michigan's economy, creating good-paying jobs and building industries of the future,” said Governor Whitmer. "The MI New Economy plan is a good start, and I look forward to working with key partners, the legislature and anyone who wants to put Michigan's families, communities and small businesses first as we make these investments.” 

When it comes to growing the middle class, Whitmer's plan calls for 60 percent of adults in Michigan to have some type of post secondary credential by the year 2030. 

Under that pillar, Whitmer also wants to give 150,000 additional Michigan families access to low cost or free child care. 

Over the next five years, the "MI New Economy" plan also calls for getting Michigan into the top 10 states for venture capital funding. 

When it comes to building strong communities the goal is to have 75,000 new or rehabilitated housing units in the next five years. 

If you would like to learn more about the plan you can find information at: https://www.michigan.gov/MIneweconomy


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