The Vice President Announces Recovery Act Funds in Detroit
As we told you yesterday, the President announced $2.4 billion in Recovery Act funds designated for the manufacturing of advanced batteries and electric vehicles. As part of this unprecedented investment, Michigan will receive more than one billion in grants, the most of any state, and the Vice President was in Detroit yesterday to make the announcement. In his remarks, he explained that the United States must build on Detroit's rich past in order for the state's economy, which is dominated by the automobile industry, to recover. The grants are designed to do just that – by spurring innovation, they will create jobs while making Detroit an industry leader in the 21st century.