SB 0558
Economic development: Michigan strategic fund; aerospace and defense incentive program; create and administer. Amends title & secs. 7 & 9 of 1984 PA 270 (MCL 125.2007 & 125.2009) & adds sec. 88v.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill establishes the Michigan Strategic Fund to promote economic development, particularly in the aerospace and defense sectors. It creates a new incentive program to support military installations and defense-related manufacturing within the state. The fund will have broad powers to invest, loan, and provide incentives, and it will be subject to reporting requirements and audits to ensure transparency and accountability. The bill also amends existing laws to align them with the new fund and its activities.
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Primary sponsor
Cosponsors
Mark E. Huizenga
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