2024 House Bill 5679

Economic development: other; 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.

Official record

Mackinac Center Analysis

Makes changes to the critical industry program by requiring 1/3 funds to be reserved for small businesses, 1/3 funds to be reserved for medium businesses and 1/3 funds to be reserved for large businesses. The bill also puts into language stronger guidelines to measure the actual number of jobs created by companies receiving corporate welfare and strengthens clawback mechanisms to return tax dollars back to the state if those jobs are not created.

Introduced in the House

April 25, 2024

Introduced by Rep. Mark Tisdel (R-55) and 24 co-sponsors

Co-sponsored by Reps. Thomas Kuhn (R-57), Bill Schuette (R-95), Matt Hall (R-42), Pat Outman (R-91), Brian BeGole (R-71), Ken Borton (R-105), Doug Wozniak (R-59), Tom Kunse (R-100), Jay DeBoyer (R-63), Mike Harris (R-52), Greg Markkanen (R-110), Nancy DeBoer (R-86), Dale Zorn (R-34), Jerry Neyer (R-92), Bradley Slagh (R-85), Gregory Alexander (R-98), Robert Bezotte (R-50), Matt Bierlein (R-97), William Bruck (R-30), Curtis VanderWall (R-102), Joseph Aragona (R-60), Luke Meerman (R-89), Joseph Fox (R-101) and David Martin (R-68)

Referred to the Committee on Government Operations