2008 Senate Bill 1382

Loosen “21st Century Jobs Fund – equity investment program” requirements

Introduced in the Senate

June 12, 2008

Introduced by Sen. Hansen Clarke (D-1)

To allow “<a href="http://www.michiganvotes.org/2005-HB-5047">21st Century Jobs Fund</a>” money disbursed under the “private equity investment program” component of that multi-faceted business subsidy program to go to private equity 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