Alternative energy is big business. And whether you can wrap your head around that or not, it's just going to keep getting bigger. Luckily, Metro Detroit got a shot of economic encouragement to further develop its contributions to an industry that, sooner or later, will find its feet.
"The federal Jobs and Innovation Accelerator Challenge program selected Metro Detroit for $2.1 million in funding from among 146 applications for its potential in alternative energy manufacturing. The program is part of President Barack Obama's initiative to create clusters of technological growth nationwide.
The Michigan Economic Development Corp. said it will match up to $500,000 of the federal funding with money of its own for the proposed Southeast Michigan Advanced Energy Storage Systems Initiative."
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