Checkmark
Legislation watch
     

Search all years.

2021 House Bill 5603: Create new corporate subsidy program

Public Act 134 of 2021

Introduced by Rep. Julie Calley R-Portland on December 2, 2021
To create one of the corporate subsidy accounts House Bill 5602 would authorize, to be called the “Strategic Site Readiness Fund,” which would give grants and loans to certain companies to create “investment-ready sites” for new job producing plants and facilities.   Official Text and Analysis.
Referred to the House Government Operations Committee on December 2, 2021
Reported in the House on December 8, 2021
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered by Rep. Shri Thanedar D-Detroit on December 8, 2021
To revise "clawback" provisions for companies that take the subsidies but don't produce the jobs or investments, by adding a penalty equal to 25% of the subsidies they have collected.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Rachel Hood D-Grand Rapids on December 8, 2021
To require the state officials in charge of determining which companies get these selective subsidies to consider whether a prospective recipient will to hire and employ Michigan workers.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. John Cherry D-Flint on December 8, 2021
To reduce the minimum size of a parcel a potential corporate subsidy recipient must develop to qualify for certain extra benefits.
The amendment failed by voice vote in the House on December 8, 2021
Amendment offered by Rep. Yousef Rabhi D-Ann Arbor on December 8, 2021
To remove a qualification on the criteria that prospective corporate subsidy recipients must meet to get the money.
The amendment failed by voice vote in the House on December 8, 2021
Received in the Senate on December 9, 2021
Referred to the Senate on December 9, 2021
To create one of the corporate subsidy accounts Senate Bill 769 would authorize, to be called the “Strategic Site Readiness Fund,” which would give grants and loans to certain companies to create “investment-ready sites” for new job producing plants and facilities. See also Senate Bill 84, which authorizes spending $1 billion in state revenue to pay for this.
Received in the House on December 14, 2021
Signed by Gov. Gretchen Whitmer on December 20, 2021

Comments