Introduced by Sen. John Proos (R) on June 30, 2011
To create a new government program to give subsidies to particular businesses selected by political appointees and certain state agency officials. This one would be called the “Michigan business development program.” It would essentially replace the Michigan Economic Growth Authority, and instead deliver some $100 million annually to selected firms in outright cash grants, rather than combinations of tax breaks and cash grants. See also Senate Bills 566 to 568. Official Text and Analysis.
Referred to the Senate Economic Development Committee on June 30, 2011
Reported in the Senate on October 4, 2011
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered in the Senate on October 5, 2011
To replace the previous version of the bill with one that revises details but does not change the substance as previously described.
The substitute passed by voice vote in the Senate on October 5, 2011