State agencies (proposed): boards and commissions; Michigan-African-Caribbean trade commission; establish. Creates new act.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill establishes the Michigan-African-Caribbean Trade Commission within the Michigan Economic Development Corporation. The commission’s purpose is to foster international economic development, job creation, and trade between Michigan and Africa and the Caribbean, focusing on sectors like critical minerals, automotive technology, agriculture, and information technology. It will also create a dedicated fund to support its activities and report on its progress to the governor and legislature.
Key provisions
- Creates the Michigan-African-Caribbean Trade Commission within the Michigan Economic Development Corporation.
- Establishes a dedicated fund for the commission's operations.
- Specifies the commission’s membership, including representatives from higher education, chambers of commerce, and diaspora communities.
- Outlines the commission’s responsibilities, such as promoting trade, initiating joint policy action, and supporting business exchanges.
- Requires the commission to report annually on its activities and results to the governor and legislature.
- Authorizes the commission to raise funds through donations and grants.
- Defines key terms related to the commission and its fund.
- Prioritizes initiatives that lead to job creation and local processing facilities.
Who is affected
- Michigan businesses
- African businesses
- Caribbean businesses
Bill text
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Document of record
- Version
- Senate Introduced Bill
- Published
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Sponsors
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No sponsors are on record.
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