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2010 House Bill 5808: Expand 21st Century Jobs Fund subsidy options
Introduced by Rep. Pam Byrnes (D) on February 11, 2010 To allow the “strategic economic investment and commercialization board” that is one component of the “21st Century Jobs Fund” to provide subsidies in the form of convertible loans, equity investments, or warrants from another entity in this universe, a "Jobs for Michigan Investment Fund," and investments in yet another type, "Michigan Business Development Corporations." Also, to allow certain of these subsidies to go to "informational technology" firms.   Official Text and Analysis.
Referred to the House New Economy And Quality Of Life Committee on February 11, 2010
Reported in the House on February 24, 2010 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on March 2, 2010 To replace the previous version of the bill with one that narrows its scope to just allow the information technology firm subsidies.
The substitute passed by voice vote in the House on March 2, 2010
Amendment offered by Rep. Tom McMillin (R) on March 2, 2010 To prohibit “21st Century Jobs Fund” subsidies from going to a firm that would be competing against any other business that is already located in Michigan.
The amendment failed by voice vote in the House on March 2, 2010
Amendment offered by Rep. Tom McMillin (R) on March 2, 2010 To prohibit “21st Century Jobs Fund” subsidies from going to a firm unless it promises to only hire Michigan residents to do the subsidized work.
The amendment failed by voice vote in the House on March 2, 2010
Amendment offered by Rep. Tom McMillin (R) on March 2, 2010 To tie-bar the bill to Senate Bill 945, meaning this bill cannot become law unless that one does also. SB 945 would authorize county, city, township, village, or school district “right to work zones,” where, within the boundaries of the community, employers would be prohibited from compelling an employee or prospective employee to join or financially support a union as a condition of employment.
The amendment failed 41 to 65 in the House on March 2, 2010
Passed 95 to 11 in the House on March 2, 2010 To allow “21st Century Jobs Fund” subsidies to go to "information technology" firms .
Received in the Senate on March 4, 2010
Referred to the Senate Commerce & Tourism Committee on March 4, 2010
Reported in the Senate on November 10, 2010 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on December 1, 2010
The substitute passed by voice vote in the Senate on December 1, 2010

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