Grants available for financially distressed cities and townships
Michigan cities, villages, and townships experiencing financial struggles can now apply for a grant to help fund special projects and free up tax dollars for important services, according to the Michigan Department of Treasury (Treasury).
Applications are now being accepted for the Financially Distressed Cities, Villages, and Townships (FDCVT) grant program. Municipalities interested in applying for an award must submit applications to the state Treasury Department by 11:59 p.m. on Friday, Oct. 20.
All cities, villages, and townships experiencing at least one condition of “probable financial distress” as outlined in the Local Financial Stability and Choice Act are eligible to apply for up to $2 million. A total of $5.4 million in funding is available for Treasury to award through the FDCVT grant program for the 2018 fiscal year.
Grant funding may be used to pay for specific projects or services that move a community toward financial stability. Preference will be given to applications from municipalities that meet one or more of the following criteria:
• A financial emergency has been declared in the past 10 years.
• An approved deficit elimination plan for the General Fund is currently in place.
• Two or more conditions indicating “probable financial distress” currently exist.
• The fund balance of the General Fund has been declining over the past five years and the fund balance is less than 3 percent of the General Fund revenues.
Due to requirements outlined under state law, school districts are not eligible for funds from this grant program.
For additional information about the FDCVT grant program or to download an application, go to www.michigan.gov/revenuesharing.
Detroit event to focus on advanced, integrated technologies Nov. 9
DETROIT (AP) — A global conference focusing on cybersecurity, artificial intelligence and other advanced technologies is planned this fall in Detroit.
The Nov. 9 conference dubbed Integr8 is expected to draw about 500 manufacturing and technology professionals from business, government and academia. It’s presented by Automation Alley, a southeastern Michigan nonprofit technology and manufacturing business association.
Speakers are expected to come from the U.S. Commerce Department, General Electric, General Motors, University of Michigan and elsewhere. Among the topics will be the “internet of things,” where autos, refrigerators and even mundane objects like toothbrushes can be connected to the internet and churn out data.
The conference, being held at the Detroit Marriott at the Renaissance Center, also will include a technology expo, panel discussions and breakout sessions.
In addition to the Integr8™ conference on Nov. 9, which is taking place at the Detroit Marriott at the Renaissance Center, Automation Alley is hosting a VIP Dinner and Cocktail Reception the day before the conference on Nov. 8 at the new Little Caesars Arena in Detroit. Ticket and sponsorship information for both events can be found at automationalley.com/integr8.
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