2024 House Bill 5540

Economic development: other; application process for critical industry program and Michigan strategic site readiness program; revise.

A bill to amend 1984 PA 270, entitled “Michigan strategic fund act,” by amending sections 88s and 88t (MCL 125.2088s and 125.2088t), section 88s as added by 2021 PA 136 and section 88t as added by 2021 PA 134, and by adding section 7c.

Official record

AI Analysis – Experimental

The legislation mandates merit-based hiring and promotional practices for businesses receiving state economic assistance, funded by the strategic outreach and attraction reserve fund, with detailed compliance and reporting requirements.

Introduced in the House

March 5, 2024

Introduced by Rep. Joseph Fox (R-101) and 17 co-sponsors

Co-sponsored by Reps. Angela Rigas (R-79), Brian BeGole (R-71), Andrew Beeler (R-64), Rachelle Smit (R-43), Matt Bierlein (R-97), Robert Bezotte (R-50), Gregory Alexander (R-98), Jamie Thompson (R-28), Tom Kunse (R-100), Mike Harris (R-52), Doug Wozniak (R-59), Ken Borton (R-105), Greg Markkanen (R-110), Gina Johnsen (R-78), Jay DeBoyer (R-63), Cameron Cavitt (R-106) and Bryan Posthumus (R-90)

Referred to the Committee on Economic Development and Small Business