SB 0631
Economic development: Michigan strategic fund; Michigan strategic fund; eliminate, and create the economic development fair competition and free enterprise act. Creates new act & repeals (See bill).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill eliminates the Michigan Strategic Fund and the Michigan Economic Development Corporation, creating a new agency called the Bureau of Fair Competition and Free Enterprise within the Department of Labor and Economic Opportunity. It aims to replace these programs with a focus on promoting fair competition and free enterprise, ensuring economic incentives benefit the state directly, and establishing a new framework for coordinating economic development policies. The bill transfers assets, records, and functions from the existing organizations to the new bureau.
Sponsors
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Primary sponsor
Thomas A. Albert
Cosponsors
Joseph N. Bellino Jr.
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