Michigan Givernor Pitches $2 Billion ED Bond

Michigan Governor Jennifer M. Granholm pitched her plan for a $2 billion bond sale for a state venture capital fund designed to attract the high-paying jobs of the future.

Granholm wants taxpayers to support state-led investment in the jobs of the future -- in life sciences, universities, fuel cell technology and homeland security. An independent panel, presumably made up of venture capital experts, would decide what types of R&D firms the state would invest in.

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