SB 0644
Economic development: other; economic development incentive evaluation act; amend to reflect elimination of the Michigan strategic fund. Amends secs. 3, 5 & 7 of 2018 PA 540 (MCL 18.1753 et seq.). TIE BAR WITH: SB 0631'25
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill directs the Department of Technology, Management, and Budget to periodically evaluate Michigan's economic development incentives. Specifically, it eliminates the role of the Michigan Strategic Fund in conducting these evaluations and establishes a process for contracting with external organizations to perform them. The evaluations will assess the effectiveness of various incentive programs, including tax credits and grants, and their impact on economic development within the state. The bill also requires the department to publish the evaluation results and create a multi-year schedule for future reviews.
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Primary sponsor
Cosponsor
Thomas A. Albert
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