Debbie:
Following is today’s edition of
WTGTAT. I don’t know if Liz wants to add the Race to the Top statement or not.
Thanks!
What the Governor’s Talking about
Today
Thursday, March 4,
2010
Governor Issues
Executive Order Consolidating Public Finance Authorities into New
The governor today issued Executive Order 2010-2 to
further improve efficiency in state government by consolidating 10 public
finance authorities into one Michigan Finance Authority. The new finance
authority will be an autonomous entity within the Department of Treasury and is
one of the 29 government reforms outlined by the governor in January to
transform
The Michigan Finance Authority will be comprised of the
state treasurer along with six additional members to be appointed by the
governor with the advice and consent of the Michigan Senate. Each of the
six members will have experience in a particular area, such as housing and
community development, or public finance-related issues. The state
treasurer will chair the authority.
The 10 public finance authorities whose functions will
be consolidated into the Michigan Finance Authority
are:
Pending legislative review, the executive order will
take effect May 30, 2010.
Key messages:
The governor announced today that Site Selection magazine has named
Site
Selection, a global business publication, verified 371 projects
that met capital investment, job-creation or size standards, up from 296 for
2008, as part of its annual Governor’s Cup ranking (www.siteselection.com). This is
the second year in a row that
Major new corporate
projects for Michigan in 2009 included: advanced energy storage and solar
firms like Xtreme Power and Clairvoyant Energy on the site of the former Ford
Wixom assembly plant; advanced-battery development and manufacturing firms A123
Systems (Ann Arbor), Johnson Controls-Saft Advanced Power Solutions (Holland),
and Dow Kokam (Midland); and major expansions by General Motors and Ford for
electric and hybrid vehicle production here.
Site Selection also recognized
Detroit-Warren-Livonia as the nation’s No. 4 metro area with a population of one
million or more for new and expanded corporate facilities. Among metro
areas with a population of between 200,000 and one million, Grand Rapids-Wyoming
tied for third; Holland-Grand Haven was fifth; and
Site Selection’s annual Governor’s Cup competition
recognizes the states with the most new or expanded private-sector capital
projects as tracked by publisher Conway Data Inc.’s new plant database.
Facility projects counted in the Governor’s Cup, Top Metros and Top Micropolitan
rankings meet one or more of these criteria: capital investment of $1
million or more, creation of 50 or more new jobs, or new floor space of at least
20,000 square feet.
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Jon
Ogar
Senior
Writer/Editor
Communications
Division
Office of Governor
Jennifer M. Granholm
Office 517-335-6819
Cell
517-515-2743
Fax
517-335-6790