Economic development: other; Michigan strategic fund centers; amend to reflect elimination of the Michigan strategic fund. Amends title & sec. 2 of 2006 PA 317 (MCL 125.1972). TIE BAR WITH: SB 0631'25
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends existing law to eliminate the Michigan Strategic Fund and reallocate the Michigan Defense Center, formerly part of the fund, to the Bureau of Fair Competition and Free Enterprise. The Defense Center will focus on supporting job creation and retention in homeland security and defense contracts, particularly for small businesses in Michigan. It establishes reporting requirements for entities receiving funding from the Defense Center.
Key provisions
- The Michigan Strategic Fund is eliminated.
- The Michigan Defense Center is transferred to the Bureau of Fair Competition and Free Enterprise.
- The Defense Center’s focus is on homeland security and defense business opportunities.
- The Defense Center must prioritize contracts for small businesses in municipalities affected by manufacturing layoffs.
- The Defense Center must coordinate with procurement technical assistance centers (APEX Accelerators).
- The Defense Center must report annually on the use of funds and contract awards.
- The Defense Center is prohibited from using state funds for building construction or renovation.
Who is affected
- Small businesses
- Municipalities
- Procurement Technical Assistance Centers (APEX Accelerators)
- State Employees
- Local Public Agencies
Notable changes
Bill text
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- Senate Introduced Bill
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