Economic development: other; office of business permitting support; create. Amends title of 1984 PA 270 (MCL 125.2001 - 125.2094) & adds ch. 7A.
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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 creates the Michigan Strategic Fund and the Office of Business Permitting Support. The fund will consolidate existing economic development authorities and manage funds, while the office will assist Michigan businesses with navigating state permitting requirements. It aims to streamline the permitting process and provide businesses with accessible information and resources. The bill also establishes a Business Permitting Support Fund to finance the office's operations and activities.
Key provisions
- Creates the Michigan Strategic Fund to consolidate economic development functions.
- Establishes the Office of Business Permitting Support to assist businesses with permitting.
- Creates the Business Permitting Support Fund to finance the office.
- Requires state agencies to provide information to the office and coordinate permitting processes.
- Mandates the office to develop a website with permitting information for Michigan businesses.
- Authorizes the office to develop resources by industry and activity.
- Requires the office to submit an annual report to the governor and legislature.
- Defines key terms related to the new office and fund.
Who is affected
- Michigan businesses
- State agencies
- The Michigan Strategic Fund
- The Office of Business Permitting Support
- The State Treasury
Notable changes
Bill text
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- Senate Introduced Bill
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