From: Hernandez, Angelita (GOV)
Sent: Friday, January 15, 2010 4:11 PM
Subject: What the Governor's Talking about Today

Importance: High

What the Governor’s Talking about Today

Friday, January 15, 2010

 

Granholm Joins Other Governors to Request Help for Manufacturers

Governor Granholm today joined the governors of Illinois, North Carolina, Ohio, Pennsylvania and Wisconsin in writing Treasury Secretary Timothy Geithner to request that the Treasury Department consider additional initiatives to help manufacturers gain access to credit.

 

The governors said that additional assistance for American manufacturers can help them diversify into new industries, which will help the United States lead in emerging sectors and create new jobs.

 

Key messages:

 

·        The governor and the Michigan Economic Development Corporation (MEDC) have already taken action to address these issues regarding credit access.  In 2009, MEDC began the Michigan Supplier Diversification Program which used state resources to leverage private loans for manufacturers seeking to diversify into new sectors, including clean energy.  Through this program, MEDC was able to use $12 million in state funds to leverage more than $41 million in private capital for manufacturing projects in 2009, a ratio of more than three-to-one.

 

Governor Says Future of American Auto Industry on Display at Auto Show

In her weekly radio address, the governor said today the future of the American auto industry is on display at the North American International Auto Show in Detroit.

 

“I got a sneak peek of the auto show earlier this week, and here’s what I saw: the future of the automobile and the American auto industry is electric,” the governor said.  “Electric cars were on display everywhere throughout Cobo Hall.  These electric cars are going to be powered by advanced batteries, and both the cars and the batteries are going to be made in Michigan.”

 

Key messages:

 

 

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