{"id":1057,"date":"2024-05-01T12:17:42","date_gmt":"2024-05-01T16:17:42","guid":{"rendered":"https:\/\/senatedems.com\/cavanagh\/?p=1057"},"modified":"2024-05-01T12:24:20","modified_gmt":"2024-05-01T16:24:20","slug":"economic-opportunity","status":"publish","type":"post","link":"https:\/\/dev.senatedems.com\/cavanagh\/2024\/05\/01\/economic-opportunity\/","title":{"rendered":"Chair Cavanagh, Senate Appropriations Subcommittee on the Department of Labor and Economic Opportunity\/Michigan Economic Development Corporation Passes Initial Budgets"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.24.3″ _module_preset=”default”][et_pb_row _builder_version=”4.24.3″ _module_preset=”default” theme_builder_area=”post_content”][et_pb_column _builder_version=”4.24.3″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.24.3″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]
Sen. Cavanagh\u2019s proposed investments will help tackle Michigan\u2019s housing needs, support workforce development\u00a0<\/i><\/div>\n
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LANSING, Mich. (May 1, 2024) \u2014 Sen. Mary Cavanagh<\/b> (D-Redford Twp.) and the Senate Appropriations Subcommittee on the Dept. of Labor and Economic Opportunity (LEO)\/Michigan Economic Development Corporation (MEDC) successfully passed their initial budget proposal yesterday. As Senate Appropriations Subcommittee Chair, Sen. Cavanagh<\/b> and her Senate colleagues collaborated to develop a budget proposal that would invest in our workforce and small businesses, revitalize our communities, and provide the tools necessary for every Michigander, current or future, needs to make it here in Michigan.<\/p>\n

The budget legislation, Senate Bill 766<\/a><\/span>, emphasizes Sen. Cavanagh\u2019<\/b>s commitment to equitable state funding and creating economic opportunity for every Michigander and their families. The proposed Senate budget recommendations include substantial investments in affordable and accessible housing sustainability and innovation; investments in Michigan startups and small businesses through Community Development Financial Institutions and the Michigan Innovation Fund; and competitive grant programs prioritizing cultural vibrancy, talent attraction and youth engagement, community revitalization and municipal supports, parks and recreation, public health and safety, and much more to help our communities and residents thrive.<\/p>\n

\u201cThis budget builds on the foundation we created last year of investing in the needs of the people and communities that make Michigan the diverse, thriving state that it is,\u201d said Sen. Cavanagh<\/b>. \u201cEvery Michigander reaps the benefits of investment in housing, education, workforce development, cultural vibrancy and the economic growth of our communities statewide, as our state strengthens and attracts new residents.\u201d<\/p>\n

Other notable highlights from the proposed LEO budget include:<\/div>\n