A bill relating to the economic development of this state; to create the bureau of fair competition and free enterprise in the department of labor and economic opportunity and provide for the appointment of a director; to provide for the withdrawal of the Michigan strategic fund from the contractual interlocal agreement that created the Michigan economic development corporation and the termination of that agreement; to abolish the Michigan strategic fund; to transfer the powers, duties, functions, and properties of the Michigan strategic fund and the Michigan economic development corporation to the bureau of fair competition and free enterprise; to provide for the disposition of money in certain restricted funds; to provide for the powers and duties of certain state officers and entities; and to repeal acts and parts of acts.
SB 631-683 is a bill package intended to eliminate the Michigan Economic Development Corporation and reshape Michigan's approach to job creation.
Co-sponsored by Sens.
Referred to the Committee on Government Operations
