2008 Senate Bill 1381

Loosen “21st Century Jobs Fund - venture capital program” requirements

Introduced in the Senate

June 12, 2008

Introduced by Sen. Deborah Cherry (D-26)

To allow “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” money disbursed under the “venture capital investment program” component of that multi-faceted business subsidy program to go to venture capital funds that subcontract a business development office in the state to another firm. Under current law they have to run the office themselves.

Referred to the Committee on Commerce and Tourism