The U.S. Secretary of Commerce’s Economic Development Administration is awarding a $3.8 million CARES Act Recovery Assistance Grant to U of M Flint. The money is intended to be used to construct the university’s new College of Innovation and Technology.
University of Michigan-Flint Chancellor Deba Dutta said, ““Thank you to the U.S. Economic Development Administration for their support for a new College of Innovation and Technology building at UM-Flint.“
Dutta went on to say, “This catalytic investment in support of innovation, entrepreneurship, and technology development will serve as the entryway for industry and community partners to advance economic growth in the region.
Dutta said the University is grateful to the Charles Stewart Mott Foundation and other UM-Flint partners “for their generous financial support of this transformational project.”
The investment is expected to create 126 jobs, retain 175 jobs, and generate $10.4 million in private investment. Readying the region for Industry 4.0, the next level of technology in modern industry is behind the investment.
Reporting for WGRT – Jennie McClelland
