SB 0473
Economic development: Michigan strategic fund; more jobs for Michigan program; create. Amends secs. 9 & 90j of 1984 PA 270 (MCL 125.2009 & 125.2090j); adds ch. 8F & repeals 2007 PA 36 (MCL 208.1101 - 208.1519) & 1995 PA 24 (MCL 207.801 - 207.810).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill aims to bolster Michigan’s economy by creating and expanding job creation programs. It proposes to amend existing legislation related to the Michigan Strategic Fund and establish a new program called the ‘More Jobs for Michigan’ program. The bill focuses on directing withholding tax revenues to businesses that create jobs and meet specific criteria, and it also includes provisions for increased reporting and transparency regarding fund activities and investments. It effectively repeals older economic development programs to streamline efforts.
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