Second round of Innovation Grants open for businesses, educational partnerships
LANSING — Businesses and educational institutions have another chance to address Michigan’s growing talent gap and increase postsecondary credential attainment by applying for the second round of Innovation Grants.
Talent and Economic Development Department of Michigan (Ted) and Michigan Department of Education announced the second round of Innovation Grants aimed at transforming Michigan’s talent pipeline, increasing the number of Michiganders with a postsecondary credential, and redesigning the ways we invest, develop and attract talent in our state.
“This funding is part of the state’s ongoing commitment to helping Michigan businesses and schools come together to fill the talent pipeline in an effort to position our great state as a leader in talent development for careers of the 21st century,” said Stephanie Beckhorn, Ted acting director.
Funds can be used for curriculum creation, project based certification programs, equipment, full-time staff, industry mentors, professional development, career navigators and teacher shortage relief programs.
In February, Gov. Whitmer established a postsecondary attainment goal to increase the number of Michiganders with a postsecondary credential to 60 percent by 2030.
In December, nine talent consortia, representing 260 entities, were awarded a total of nearly $15 million in grants to start and grow innovative education models.
Interested consortia must submit a concept summary by March 15, talent agreement by April 11, and grant application by May 9. To start the application process and learn more, visit michigan.gov/marshallplan. — G.G.
Treasury: Estimated Tax Penalty for Farmers, Fishermen Waived
LANSING — The Michigan Department of Treasury is following the Internal Revenue Service and waiving the estimated tax penalty for any qualifying farmer or fisherman who files his or her 2018 state income tax return and pays any tax due by April 15.
This tax relief is being provided by the IRS and state Treasury Department because certain federal rule changes have caused difficulty for many farmers and fishermen to accurately determine their tax liability by the March 1 deadline that usually applies to them.
For the 2018 tax year, an individual who received at least two-thirds of his or her total gross income from farming or fishing during 2017 or 2018 qualifies as a farmer or fisherman.
“I strongly encourage eligible Michigan farmers and fishermen to take advantage of this tax relief,” said Deputy State Treasurer Glenn White, who oversees Treasury’s Tax Administration programs. “Like the IRS, we will waive the estimated tax penalty.”
To be eligible for the waiver, qualifying Michigan farmers and fishermen must attach IRS Form 2210-F to their 2018 state income tax return.
The taxpayer’s name and identifying number, usually a Social Security number, must be entered at the top of IRS Form 2210-F. The waiver box—Part I, Box A—should be checked. The rest of the form should be left blank.
No additional state tax form needs to be completed to receive this tax relief. — G.G.