SB 0027
Economic development: Michigan strategic fund; procurement technical assistance center (PTAC); update to APEX Accelerator. Amends sec. 2 of 2006 PA 317 (MCL 125.1972).
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill updates the Michigan Strategic Fund and its related entities to focus on economic development opportunities in the defense and homeland security sectors. Specifically, it creates the Michigan Defense Center within the Strategic Fund, which will prioritize bringing defense contracts to Michigan businesses, particularly those hardest hit by manufacturing layoffs. The bill also requires reporting from procurement technical assistance centers receiving funding to track how those funds are used and the contracts they secure.
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