A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” by amending sections 88b and 88r (MCL 125.2088b and 125.2088r), section 88b as amended by 2024 PA 190 and section 88r as amended by 2018 PA 458.
House Bills 5411–5418 comprehensively overhaul Michigan’s economic development framework by strengthening transparency, reporting, and public disclosure requirements, conditioning or reducing incentives based on performance and compliance, expanding public access to tax and assistance data, enhancing oversight of brownfield and transformational projects, restricting or prohibiting selective business subsidies through an interstate compact, and limiting or withholding state economic development support when reporting, accountability, or compact standards are not met.
Co-sponsored by Reps.
Referred to the Committee on Economic Competitiveness
