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2011 Senate Bill 556: Create new government corporate subsidy program

Public Act 250 of 2011

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
Passed 33 to 5 in the Senate on October 6, 2011.
    See Who Voted "Yes" and Who Voted "No".
(same description)
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.
Received in the House on October 6, 2011
Referred to the House Commerce Committee on October 6, 2011
Reported in the House on November 2, 2011 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on November 29, 2011 To replace the previous version of the bill with one that revises details, and eliminates "diversifies the state economy" as one of the rationales for handing out these subsidies to a particular firm.
The substitute passed by voice vote in the House on November 29, 2011
Passed 95 to 11 in the House on November 30, 2011.
    See Who Voted "Yes" and Who Voted "No".
(same description)
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.
Received in the Senate on December 1, 2011
Passed 34 to 1 in the Senate on December 6, 2011.
    See Who Voted "Yes" and Who Voted "No".
To concur with the House-passed version of the bill.
Signed by Gov. Rick Snyder on December 13, 2011

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