Introduced
by
To create one of the corporate subsidy accounts House Bill 5602 would authorize, to be called the “Strategic Site Readiness Fund,” which would give grants and loans to certain companies to create “investment-ready sites” for new job producing plants and facilities.
Referred to the Committee on Government Operations
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered
by
To revise "clawback" provisions for companies that take the subsidies but don't produce the jobs or investments, by adding a penalty equal to 25% of the subsidies they have collected.
The amendment failed by voice vote
Amendment offered
by
To require the state officials in charge of determining which companies get these selective subsidies to consider whether a prospective recipient will to hire and employ Michigan workers.
The amendment failed by voice vote
Amendment offered
by
To reduce the minimum size of a parcel a potential corporate subsidy recipient must develop to qualify for certain extra benefits.
The amendment failed by voice vote
Amendment offered
by
To remove a qualification on the criteria that prospective corporate subsidy recipients must meet to get the money.
The amendment failed by voice vote
Passed in the House 83 to 21 (details)
Referred to the Committee of the Whole
Passed in the Senate 25 to 11 (details)
To create one of the corporate subsidy accounts Senate Bill 769 would authorize, to be called the “Strategic Site Readiness Fund,” which would give grants and loans to certain companies to create “investment-ready sites” for new job producing plants and facilities. See also Senate Bill 84, which authorizes spending $1 billion in state revenue to pay for this.
Passed in the House 81 to 22 (details)
