2026 Senate Bill 1009

Economic development: Michigan strategic fund; allowable use of funds; include small businesses.

A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” by amending section 9 (MCL 125.2009), as amended by 2024 PA 117, and by adding chapter 8F.

AI Analysis – Experimental

Amends the Michigan Strategic Fund Act to expand reporting requirements, establish a new Small Business Program and Fund to provide grants and support to small businesses, and enhance transparency and oversight of state economic development initiatives.

Introduced in the Senate

May 21, 2026

Introduced by Sen. Sarah Anthony (D-21)

Referred to the Committee on Appropriations