21st Century Jobs Fund

The 21st Century Jobs Fund is a Michigan state initiative providing strategic funding to diversify and grow the state's economy. It offers grants, loans, and investments, supporting research, commercialization, and capital access programs. The fund targets competitive-edge technologies, including life sciences, alternative energy, advanced manufacturing, and materials, alongside broader economic development efforts.

Established in November 2005 by the Michigan legislature through Act 232, the fund was a key initiative of then-Governor Jennifer Granholm. Her administration, alongside Michigan Economic Development Corporation President James Epolito, launched the program. The core insight involved leveraging tobacco settlement revenues and state funds to cultivate new industries and job opportunities, diversifying Michigan's economic base.

The fund serves Michigan-based companies, universities, and research institutions seeking to innovate and expand, especially within high-growth technology sectors. It also assists small businesses in securing financing. Its vision is to transform Michigan into a hub for advanced technology and entrepreneurial growth, fostering a diversified economy with sustainable job opportunities.