Michigan puts up $2.5M to support collaborative tech projects
A new state-sponsored fund in Michigan is being set up to disburse money for collaborative state and local IT projects, Government Technology reports
The fund, part of the 2012 budget passed by the state legislature, was formalized this week when Gov. Rick Snyder signed a directive creating it. A five-person board will oversee the fund, seeking out projects; laying out criteria for eligibility; and overseeing performance, reporting and repayment of loans, according to Government Technology. It will also have the authority to end underperforming projects.
The $5 million the state's Department of Technology, Management and Budget originally sought was eventually cut to $2.5 million, which will likely be awarded in amounts from $100,000 to $300,000, said DTMB spokesman Kurt Weiss.
The purpose of the fund is to promote technology projects that might not otherwise come to fruition. Snyder's office released a statement saying that all state executive branch agencies and departments are eligible for funding from the project, as are shared-service projects involving local governments.
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