Business & Economy
Innovators with tech ideas can get new state money
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BY JENNIFER CHEN
Capital News Service
LANSING – A new fund has been launched to attract technology innovation projects for making state government better serve its citizens. Gov. Rick Snyder has created a board to manage nearly $2.5 million form the general fund in loans to advance technology within government departments. “We’re now taking Michigan to the next level by providing start-up funding to encourage greater innovation and efficiency,” Snyder said. “These improvements will lead to new best practices that will drive Michigan’s success in the global economy.”
It would be the first such program in the country and allows government to integrate at both state and local levels. The funds will be loans for selected projects, according to Kurt Weiss, public information officer for the Department of Technology, Management and Budget.