The initiative will focus on eliminating invasive species-- like Asian Carp-- cleaning up pollution, and protecting the wetlands.
The announcement was welcome news to Wisconsin Gov. Jim Doyle.
"We've heard the promises before that when there's an election, after the election, there's going to be a commitment of resources to really doing something about the Great Lakes. President Obama said that in his campaign, and he has lived up fully and completely to that promise, for which we are very, very thankful," said Doyle.
The Great Lakes provide drinking water to more than 30 million people. The plan envisions spending more than $2.2 billion for repairs.